KPMG economist Swonk forecasts hot PCE report, potential Fed rate hike
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- A KPMG economist forecasts that the upcoming Personal Consumption Expenditures report will show elevated inflation levels.
- This outcome could prompt the Federal Reserve to consider increasing interest rates again.
- Such tightening of monetary policy may lead to higher borrowing costs across the economy and potentially slow down broader financial growth as inflation concerns remain persistent.
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