A big week for central banks as US inflation hangs on
NAB Morning Call
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The Fed's Expectations for the Months Ahead
Core PCE deflator fell from 4.7% down to 4.5%. But it has been stuck around 4.6% since December, so another thing that's just not moving down. Core services ex-housing reading also came a little bit lower in March at 0.24%, which I think was the lowest reading since last July. We're back where we were, aren't we, as well as even higher in terms of consumer inflation expectations.
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