Equities Pop on Inflation and Income Data

In the minutes following the release of new US economic data, equities have gone back into rally mode, shrugging off yesterday’s pullback. US personal income (0.4% vs Street 0.3%) and US personal spending (0.6% vs Street 0.5%) both beat Street expectations, indicating a robust economy. Meanwhile, core PCE inflation held steady at 2.9%, indicating inflation […]