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Karim writes:

Yes, the Fed welcomes this but is concerned about its forecasts given food/energy/import/export prices and pipeline pressures.

And likely to go up from here.

Yes, but sufficient to keep consumption muddling through and not collapse as the Fed had feared.

Still weak, but yet another sign the worst may be over.

Yes, and very troubling for the FOMC. There have been numerous strong statements regarding the imperative of not letting inflation expectations elevate.

Yes, weak, but not recession, and strong enough to support the stock markets and ever higher consumer prices.


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