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U.S. Economy

WSJ's Timiraos says "Early estimates of the May PCE number (following the Thurs release of May PPI and the CPI on Wed) point to a firm core m/m reading that rounds up to 0.4%. Market-based core was milder"

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"Portfolio management and airfares (which come from the PPI) have widened the CPI-PCE wedge in May. I will post the cheat-sheet table later."

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