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27th Oct 2025 09:07USDaily Monitor
  • Tariff revenues continue to underwhelm; the ending of the de minimis exemption has been uneventful.
  • Accordingly, we are shaving 0.1pp off our forecast for the peak in core PCE inflation in December.
  • Charts implying a dramatic rise in “different cell” imputation overstate the decline in data quality.

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Keywords for: 28 October 2025 US Monitor

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