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Larger deficit driven by stockpiling in preparation for the port strikes.
Weakness due to high mortgage rates, not hurricanes or the approaching elections.
Consistent with a 0.2% core PCE print; the momentum was in non-PCE components.
Low response rate suggests jump in payrolls very likely to be revised away.
Boosted marginally by Boeing; expect a further uplift from Hurricane Helene ahead.
Indicators with a better track record paint a much weaker picture.
Fast out the starting blocks; we expect further 50s soon.
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