Fitch: PCE report is the calm before the storm in the eyes of the Fed

Odaily News Fitch analyst Olu Sonola said in a report that the Federal Reserve may view the mild personal consumption expenditure inflation report as "the calm before the storm." He wrote: The Fed will continue to wait for the storm to come - unless consumer spending shrinks sharply and the unemployment rate rises rapidly. Sonola said: "This report shows that the US consumer remains resilient." (Jinshi)