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US business activity growth accelerated sharply to its fastest for just over two years in May, according to provisional PMI survey data from S&P Global, signalling an improved economic performance midway through the second quarter. The service sector led the upturn, reporting the largest output rise for a year, but manufacturing also showed stronger growth. ...
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post: FED'S BOSTIC: THE LAST COUPLE OF INFLATION NUMBERS SUGGEST IT'S GOING BACK TO 2%, BUT GOING SLOW. post: FED'S BOSTIC: THE POST-PANDEMIC ECONOMY MAY BE LESS SENSITIVE TO RATES. post: FED'S BOSTIC: HOUSEHOLDS AND HOMEOWNERS HAVE LOCKED IN LOW RATES, THIS LIMITS THE SENSITIVITY OF THE ECONOMY TO FED POLICY RATE HIKES. post: Fed’s Bostic: We’re Not Going to Talk About Moving the Fed’s Inflation Goal Until We Get to 2% post: FED'S BOSTIC: ON RATES, IT IS IMPORTANT TO MOVE IN ONE DIRECTION ONLY
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