Inflation concerns are overstated due to measurement distortions. Core CPI sits at 2.3% (near target), while PCE elevation is driven by just two items: portfolio management fees and flash memory prices—neither relevant to average consumers.
- Inflation data shows no wage-price spiral
- Corporate credit spreads signal no distress
- Rate hikes won't slow AI infrastructure spend
- Consumer expectations remain anchored
Based on analysis from Fundstrat Global Advisors, Federal Reserve data, and market indicators.
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