The Weekly Bottom Line: Yields Realign to Higher-for-Longer

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<p>U.S. Highlights Revisions to GDP data left Q2 growth unchanged, but consumer spending growth was cut in half. Monthly consumer spending data showed that following at strong gain in July, real consumer spending slowed in August. The Fed’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) deflator, eased from 4.3% year-on-year to 3.9% in […]</p>
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