Core PCE Price Index (USD, GMT 12:30) – Expectations are for a decline for the M/m figure from 0.4% to 0.3%, adding to the new mantra of “peak inflation” is here or at least very close. It is likely to be too early to start to assume peak inflation has indeed been seen in the Spring of 2022. Income and spending data could also show that this rise in inflation is far from over.
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