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U.S. Personal Spending Report Allows Fed to Pause Rate Cuts, Economists Say

Inflation remains contained and personal spending continued improving according to the latest report from the U.S. Commerce Department on Friday. Economists said the Fed will be pleased to see that consumers are holding in there despite weakness in the broader economy, though in real terms the 0.2% gain in personal spending was flat.

Fixed income strategist T.J. Marta from RBC Capital Markets said the big picture is that there is "no resolution to the conflicting problems confronting a dual-mandated Fed...