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April's GDP report, released on Monday, likely will add fuel to the fire of the re cent sharp decline in interest rate expectations.
The latest E.C. survey shows the gap between firms' and households' confidence levels has remained substantial.
All eyes today will be on the core PCE deflator for August, which we think probably rose by a solid 0.2%.
Friday's June inflation data in Brazil confirmed that the ripples from the worst of the Covid shock were still being felt at the end of the quarter.
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