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11th May 2023 15:12U.S., Daily Monitor

  • Core PPI inflation has plunged over the past year, signalling downward pressure on core PCE inflation.
  • The trend in jobless claims is rising, though last week’s jump was partly due to seasonal quirks.
  • Consumers’ confidence is still depressed; inflation expectations should fall further.

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Keywords for: 12 May 2023 US Monitor

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