Macro - Weekly Briefings - US
Fiery price increases in June catapulted headline CPI inflation above 9%, the fastest annual gain since November 1981. We don't see inflation pressures easing substantially in the near term, meaning household and corporate budgets will continue to be squeezed. Navigating through inflation’s squalls to a soft landing is becoming harder but upbeat spending backed by a strong labor market and as consumers dip into their savings should keep the economy out of recession.
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