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14th May 2024 17:33USDaily Monitor

  • Underlying services inflation slowed in April; momentum in rents and auto insurance prices will fade. 
  • The CPI and PPI data suggest the core PCE deflator rose by 0.23%, the smallest increase since December.
  • April's retail sales report supports the case for a slowdown in consumption growth.

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Keywords for: 16 May 2024 US Monitor

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