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12th Nov 2024 10:20USDaily Monitor

  • Over half of the 0.3% increase in the core CPI was due to rent, which Chair Powell has de-emphasized.
  • CPI auto insurance prices likely will rebound in November, but airline fares prices probably will fall back.
  • The jump in used auto prices is liable to reverse soon; core goods prices will continue to trend down.

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Keywords for: 14 November 2024 US Monitor

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