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U.S. Economy

Sell-side PCE calls post-CPI

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Following recent CPI data, analysts project June core PCE growth of 0.1-0.16%, potentially lowering annual core inflation to 3.3% amid a hawkish Fed stance and energy-driven headline pressures.

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Pantheon Macroeconomics: "We provisionally estimate the core PCE deflator rose by 0.16% in June, allowing the inflation rate to drop to 3.3%, from 3.4% in May." Oxford Economics: "Our preliminary nowcast of the PCE index calls for a 0.2% m/m decline in the headline index and a 0.1% increase in the core index."

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