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9th Oct 2023 11:05U.S., Daily Monitor

  • The trend in core PPI inflation continues to fall, but the monthly numbers are wild; blame erratic margins.
  • Whatever happened in September, gross margin normalization has a long way to run.
  • The NFIB survey points to a further downshift in core services inflation, but still-robust job growth.

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Keywords for: 11 October 2023 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence