14 July 2023 US Monitor Core PPI Deflation is Likely in the Fall; Expect Pass-Through to CPI/PCE
12th Jul 2023 18:29U.S., Daily Monitor
- Core PPI inflation likely will fall below zero late this year as margins re-compress…
- The pass-through to core CPI and PCE inflation implies downward revisions to the Fed’s forecasts.
- Consumers’ inflation expectations remain elevated; sooner or later, they will drop sharply.
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