Real economic activity is proving more resilient than expected. That said, core inflation pressures remain and will be difficult to abate. In the US, October inflation data indicate initial signs of cooling price pressures. CPI moderated more than expected, though both this and the September PCE print confirm that momentum (headline and core) is still strong. Meanwhile, job gains remain broad-based, running at above-trend pace. Wage growth in the US is not accelerating but also not…
Read further.
#travelinsights #travelresearch