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11th Sep 2024 19:59USDaily Monitor

  • PPI and CPI data collectively point to a 0.14% increase in the August core PCE deflator.
  • Slowing wage growth, a margin squeeze and lower energy prices will return core inflation to 2% in Q2.
  • Jobless claims have fallen since July, but hiring is dropping faster; expect even lower job growth in Q4.

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Keywords for: 13 September 2024 US Monitor

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