Fitch Ratings: PCE report seen as calm before storm by Federal Reserve

Odaily Planet Daily News - Fitch analyst Olu Sonola pointed out in a report that the Federal Reserve may view the mild personal consumption expenditure inflation report as a "calm before the storm". He wrote: The Federal Reserve will continue to wait for the storm to come - unless consumer spending shrinks significantly and unemployment rates rise rapidly. Sonola said, "This report shows that American consumers still have resilience