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10th Jul 2024 10:38USDaily Monitor

  • Plunging airline fares flattered June’s tiny rise in the core CPI, but most services prices were subdued too.
  • CPI data and our PPI forecasts map to a 0.17% rise in the core PCE deflator, but our estimate will shift today.
  • The Michigan consumer sentiment index probably rose slightly in July, lifted by a surging stock market.

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Keywords for: 12 July 2024 US Monitor

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