25 June 2024 US Monitor Trebling of shipping costs likely to add 0.04pp at most to core PCE inflation
24th Jun 2024 11:00USDaily Monitor
- Shipping costs have rocketed, but they likely will add less than 0.1pp to core PCE inflation next year.
- The spike in shipping costs probably will unwind after tariff-related risks have abated.
- Consumer confidence likely dropped in June, with adverse implications for consumption growth.
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