US consumer spending rebounds in February; core inflation firmer

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1. It’s encouraging to see a rebound in consumer spending for February, as it can be a sign of economic resilience. However, the noted firmness in core inflation indicates that prices are still a concern. This duality will likely influence policymakers as they balance the need to support economic growth while also addressing inflationary pressures. Overall, it will be interesting to see how these trends develop in the coming months and what that means for interest rates and the broader economy. What do you think about the potential impact on monetary policy?

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