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Hopeful disinflation signs

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Both CPI and core CPI came in softer than expected in May. Shelter remained sticky. The super-core and other measures of underlying price pressures eased, reflecting broadening disinflation. Continued moderation in inflation, even if it is timid, creates room for Fed rate cuts later this year.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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