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10th Jun 2024 17:38USDaily Monitor

  • The high core PCE prints in Q1 will force the Fed to revise up its Q4 forecast, and cut one easing.
  • A jump in used car and vehicle insurance prices probably drove a 0.3% increase in the May core CPI...
  • ...But core services CPI inflation likely slowed further, indicating monetary policy is tight enough.

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Keywords for: 12 June 2024 US Monitor

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