Satyam Panday, chief U.S. and Canada Economist, S&P Global Ratings, said, “We look ahead to the first major inflation reading of 2025 this week. We estimate the headline consumer price index (CPI) rose 20 basis points (bps) in January, resulting in an unchanged year-over-year rate of 2.9%. Core CPI inflation likely ticked down to 3.1% on a year-over-year basis, the…
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U.S. GDP Set to Surge to 3.0% Amid Strong Consumer Spending
Satyam Panday, chief U.S. and Canada economist, S&P Global Ratings, offered his latest Economic Data Highlights. He said: “The U.S. economy continues to remain on a solid footing. Consumer spending remains strong on the back of employment and wage gains. The fear of more-than-warranted labor market loosening receded with the September rebound in payroll growth and upward revisions to earlier…
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