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Market Brief – Tuesday 7/30/19

The Fed’s preferred inflation gauge, Core Personal Consumption Expenditures, came in lower than expected at +1.6% year-over-year. Incomes are rising at a rate of +4.9% annualized, while spending growth is slowing to +3.9% annualized. Savings rates are trending higher at +8.1%. Slowing inflation and flat Treasury yields is not a bullish recipe for gold, which … Read more