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24th Jun 2024 11:00USDaily Monitor

  • Shipping costs have rocketed, but they likely will add less than 0.1pp to core PCE inflation next year.
  • The spike in shipping costs probably will unwind after tariff-related risks have abated. 
  • Consumer confidence likely dropped in June, with adverse implications for consumption growth.

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Keywords for: 25 June 2024 US Monitor

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