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9th Oct 2024 15:04USDaily Monitor

  • The CPI points to a benign 0.2% rise in the core PCE deflator; the strength was in non-PCE components. 
  • The rise in import prices earlier this year lifted core goods prices, but the outlook for both is fine.
  • Services disinflation continues; a further fall in wage growth in 2025 will return overall core inflation to 2%.

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Keywords for: 11 October 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence