Pantheon Macroeconomics after CPI: provisionally estimate the core PCE deflator at 0.32% in March, lifting the inflation rate to 3.4% (prev. 3.3%)
- Pantheon adds, "All told, we see no sign of second-round effects from the surge in energy prices which would warrant the FOMC tightening policy, but it’s still early and the recent run of better labor market data has enabled the Committee to focus solely on inflation risks."
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