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12th Jun 2024 17:55USDaily Monitor

  • The CPI and PPI data imply that the core PCE deflator rose by just 0.11% in May…
  • …Below the 0.19% average run rate forecast by the Fed; September’s SEP update will support a rate cut.
  • The Michigan sentiment index probably bounced this month, but job loss worries seem to be mounting.

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Keywords for: 14 June 2024 US Monitor

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