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EN590 Commodities GroupMarket Analysis 2026-07-07T20:23:00+00:00
Investors expected a much simpler economy by now. Inflation was expected to keep easing, consumers were expected to bend under higher prices, and the next big Fed debate was supposed to be about when rate cuts could begin. However,Bank of Americaisn't telling that story. The bank sees an economy that still has enough momentum to avoid a classic downturn. According to its mid-year outlook shared with me, spending levels held up, the labor market hasn't cracked, and growth remains alive and well. Nevertheless, that resilience is not spreading evenly, and that's the uncomfortable twist. The U.S. economy might be strong in the places that matter forinflationbut fragile in the places that matter most to households. That beckons a harder question: What happens when the economy is too hot for rel
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