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US CPI preview: "A hotter advance in categories outside of energy and food"
Via CIBC, this is in brief from their US CPI preview.CIBC are in line with the consensus expectation on core prices, citing:core CPI prices could have risen by 0.4%, extending April’s momentum, in line with continued strength in the labor market that will have worked to support demand, implying an acceleration in the Fed’s preferred sub-category of services ex. housing. The risks to the core figure could be slightly to the downside, as the rent measures could have resumed their deceleration foll...
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Posted: Jun 12 2023, 21:20
Author Name: forexlive
Views: 102825