Prior was 61.3Prior was 74.0 vs 68.5 expectedCurrent conditions 74.0 vs 68.5 expectedExpectations 66.4 vs 57.0 expectedOne -year inflation 3.1% vs 4.5% priorFive-year inflation 2.8% vs 3.2% priorThis is a dream report. It's like a magic landing where the economy stays hot and inflation falls below 2% anyway. It would leave the Fed with 500 bps of ammunition despite inflation being on target. They'd have to re-write economic textbooks. This article was written by Adam Button at www.forexlive.com.
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