Pantheon Macroeconomics

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11th May 2022 00:20U.S., Daily Monitor

Both headline and core inflation likely dropped sharp- ly in April, mostly due to base effects...

...But look out too for falling used vehicle prices, and a sequential slowing in the core-core index.

The net risk to the consensus probably is to the downside, but that’s a low-conviction call.

car prices core inflation cpi cpi report employment energy fed fuel gasoline labor labor market May policymakers q2 q3 q4 rent used car prices vehicles wage gains wage growth wages

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Keywords for: CPI Base Effects Turn Favorable, but Look Out for Sequential Slowing too

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