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14th Jan 2025 10:22USDaily Monitor

  • Reassuringly calm CPI data imply the core PCE deflator likely rose by just 0.19% in December.
  • CPI auto prices will fall back in Q1, and leading indicators point to a lower core services inflation ahead.
  • Retail sales probably were strong again in December, but a softer spell likely lies ahead.

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Keywords for: 16 January 2025 US Monitor

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