Stocks were mostly higher for most of the session, buoyed by personal consumption rising to 4.2% vs estimates of 3.2%-- perhaps an important signal to the market that the consumer remains on firm footing. Inflation concerns continue however, as the GDP price index for Q4 came in at +2.2% (vs. the Street +2.5%), although core PCE was more in-line at +2.5%. Late in the day, the market responded negatively to a headline that the US was prepared to move forward with 25% tariffs with Mexico and Cana…
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