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9th Sep 2024 17:54USDaily Monitor

  • We look for a 0.3% rise in the August core CPI, driven by rebounds in hospital charges and airline fares.
  • Underlying core services inflation probably continued to decline, while goods prices likely rose weakly.
  • The rebounding CPI components don’t feed into the core PCE, but the Fed still looks set to ease by 25bp.

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Keywords for: 11 September 2024 US Monitor

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