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U.S. Economy

The September CPI and PPI translate into a core PCE projection of around 0.34%, which would be the highest monthly reading since January, says WSJ's Timiraos

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The supplied headline reports a Timiraos-attributed core PCE projection of around 0.34%; a separate Capital Economics estimate was 0.35%.

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That would push the 12-month change to 3.1% (from 3% in August) and the 3-month annualized rate to 2.9% (from 2.0%).

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