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8 matches for " core cpi data":
Yesterday's final CPI data for May confirmed that the EZ economy is within touching distance of headline deflation.
Perhaps the single strongest U.S. economic data series in recent months has been construction spending, which has risen by more than 1%, month-to-month, in four of the past five months.
Yesterday's June PMIs offered more of the same, insofar as the survey's key message goes in the past few months.
The weekly jobless claims numbers are due Thursday, as usual, but in the wake of a flood of emails from readers, all asking a variant of the same question-- should we be worried about the rise in continuing jobless claims?--we want to address the issue now.
Our default position for core durable goods orders over the next few months is that they will fall, sharply.
The undershoot in the April core CPI wasn't a huge surprise to us; the downside risk we set out in yesterday's Monitor duly materialized, with used car prices dropping by a hefty 1.6% month-to-month, subtracting 0.05% from the core index.
Monthly core CPI prints of 0.3% are unusual; June's was the first since January 2018, so it requires investigation.
The Fed announced no significant policy changes yesterday, but the FOMC reinforced its commitment to maintain "smooth market functioning", by promising to keep its Treasury and mortgage purchases "at least at the current pace".
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