Recent data suggests that the US economy is performing well, with personal spending increasing by 0.4% in February after adjusting for inflation, surpassing the median estimate of economists surveyed by Bloomberg. Additionally, reports from the day before showed that consumer sentiment had reached its highest level since July 2021, weekly initial jobless claims had decreased, and pending home sales had rebounded in February following a decline in January. Despite this, there is still debate among reasonable individuals about whether disinflation in the US is actually stalling and what implications this may have for Federal Reserve monetary policy. However, it is becoming increasingly difficult to ignore the underlying strength of the economy, indicating that central bankers may be able to hold off on reducing benchmark interest rates.
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