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13th Aug 2024 17:47USDaily Monitor

  • The July CPI and PPI data collectively point to a mere 0.13% increase in the core PCE deflator...
  • ...But seasonal adjustment now might be flattering the data; the dip in CPI hospital prices will unwind.
  • We look today for a fall in July manufacturing output and a slight increase in initial jobless claims.

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Keywords for: 15 August 2024 US Monitor

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