U.S. Consumer Spending Rebounds in March as Core Inflation Cools

The transcript discusses the current state of the US economy, focusing on the slow inflation backdrop and its implications for the Federal Reserve's monetary policy. Despite some growth in consumer spending, inflation remains below the Fed's target, posing a challenge for future rate hikes. The analysis highlights the weak quarter for core PCE and the overall tepid inflation trend, emphasizing the high bar for the Fed to consider tightening again.

What does the text suggest about the current state of inflation in the United States?

How does the recent GDP report relate to core PCE according to the text?

What challenges does the Federal Reserve face in terms of tightening monetary policy?

What does the text indicate about consumer spending and its impact on economic growth?

According to the text, what is the significance of the core PCE hitting the Fed's target?