28 March 2025 US Monitor February spending data to show slower growth, but no contraction
26th Mar 2025 10:58USDaily Monitor
- Today’s PCE report likely will show a rebound in real consumption and a 0.4% rise in the core deflator.
- Threatened auto tariffs would likely raise the core price level by 0.2-to-0.4percentage points.
- Soaring gold imports imply a much smaller drag on Q1 GDP from net trade than headline data suggest.
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