We have pounded the drum on residual seasonality. Present day pretty minimal CPI and Main CPI reading through for June is yet another reminder simply how much get started-of-April value resets produced inflation glance worse than it genuinely was early in April, May perhaps and June 2024. Underlying inflation is again to the RBZ goal.

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The CPI launch for Might is excellent news to the Federal Reserve and it's going to be even better news for that PCE price index. #inflation #financialplanning #ratecuts

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