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31st Mar 2022 00:20U.S., Daily Monitor

  • We're sticking to our zero payroll forecast; Homebase and other data contradict ADP.
  • A rebound in February spending on services seems to have been offset by a drop in spending on goods. 
  • Core PCE inflation likely rose, but the February reading could be the peak; Q2 will see a clear downshift.

adp airline fares core index core pce core services cpi furniture January jobless claims labor labor market March mortgage payroll payrolls pce pce inflation q2 real spending rents retail sales sales data September summer vehicle sales

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Keywords for: Everything Except ADP Points to a Soft March Payroll Report

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