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JPMorgan, Goldman Sachs see hot U.S. PCE inflation ahead of key Fed decision

Wall Street banks have raised expectations for another strong U.S. inflation reading ahead of Thursday’s Personal Consumption Expenditures report, a release closely watched by crypto and equity traders for clues on future Federal Reserve policy. According to forecasts from JPMorgan,…

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Wall Street banks expect U.S. PCE inflation to hit 3.8% in April as Bitcoin and crypto traders brace for fresh Fed rate pressure.
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