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PPI and CPI data suggest the August core PCE rose by about 0.14%, sustaining the slowdown.
May core PCE likely rose just 0.11%, well below the Fed’s expectations.
May core PCE likely rose just 0.11%, well below the Fed’s expectations.
June core PCE likely rose just 0.15%; the Fed can prepare the ground for a September rate cut.
Goods disinflation continues; margins and other services still sticky.
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