Pantheon Macroeconomics
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Consistent with still-subdued business investment.
Downward revisions and a muted February recovery signal an emerging consumer slowdown.
Disappointing but better times probably lie ahead
Backup in rates and high snow cover hurt sales last month
One spike in the core deflator after three very small increases does not change the trend.
Business investment probably still set for a weak Q1
Core inflation falling steadily across all three components.
Demand for core capital goods remains weak; rebound in claims does not change the low and flat trend.
Consistent with another solid consumption print in Q1.
Poor, but likely to improve over the next couple months.
Sequentual core inflation is now almost at target pace.
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