US PCE inflation: US economy flashing a stagflation warning, warns deVere CEO

US consumers pulled back sharply in July while inflation stayed stuck well above target, a combination the CEO of global financial advisory deVere Group says investors are not taking seriously enough. New Commerce Department data released today shows inflation adjusted consumer spending was flat in July, a sharp slowdown from a 0.4% gain in June. At the […] The post US PCE inflation: US economy…