WellReceived

The softening in US August core PCE inflation (3.9% YoY vs previous 4.3%, 0.1% MoM vs previous 0.2%) failed to drive a sustained rebound in Wall Street last Friday, as Treasury yields stayed firm despite some paring in rate hike bets. While…

The big upward revision in the final reading of US GDP data for the first quarter (2.0% vs. 1.4% expected) adds to the list of positive economic surprises in the US lately, with economic resilience helping to calm some nerves about…