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Jason Furman
jasonfurman
The PCE-based Ecumenical Underlying Inflation measure came in at 2.9% in April, down from 3.0% in March. This is the median of 24 measures--eight baskets measured over 3, 6 and 12 months--all remeaned to match the PCE. pic.twitter.com/SiLngCgIqv
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Jason Furman
jasonfurman
Core PCE inflation came in above the Fed's target for the 4th straight month. But it moderated from Q1 and the elevation was entirely due to imputed portfolio fees resulting from the strong stock market. Annual rates: 1 month: 3.0% 3 months: 3.5% 6 months: 3.2% 12 months: 2.8% pic.twitter.com/FHtSAVejI6
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Liz Ann Sonders
LizAnnSonders
In month/month terms, PCE #inflation +0.3% vs. +0.3% est. & +0.3% prior; core +0.2% vs. +0.2% est. & +0.3% prior pic.twitter.com/z6zDmDKccM
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Liz Ann Sonders
LizAnnSonders
1Q2024 GDP revised down from +1.6% (q/q ann.) to +1.3% … in line with consensus estimate pic.twitter.com/NbHwzkgV9a
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