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12th Aug 2024 18:01USDaily Monitor

  • PCE-relevant components of the PPI collectively rose in July at the slowest rate for 11 months. 
  • Hospital services prices will rebound soon, but core goods prices will drop as retailers’ margins contract.
  • We look for a weak July retail sales report Thursday, with the control measure falling by 0.3%.

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Keywords for: 14 August 2024 US Monitor

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