10 August 2023 US Monitor The Core CPI Likely Rose 0.2% in July, But Risks Are to the Downside
7th Aug 2023 20:19U.S., Daily Monitor
- Used vehicle prices likely were a sizeable drag on the July core CPI, and further falls are coming.
- Core services ex-rents likely rebounded in July, but we expect the downward trend to persist.
- We look for a rise in jobless claims, but the trend looks increasingly like it has fallen since the spring.
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