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12th Dec 2024 20:11USDaily Monitor

  • Ignore PPI egg-flation; components relevant for the core PCE were soft, implying a mere 0.13% increase.
  • The PPI data also point to a further decline in inflation in core services ex-rent in Q1.
  • Low initial jobless claims paint an overly rosy picture of the labor market, given hiring is so weak.

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Keywords for: 13 December 2024 US Monitor

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