US: Key drivers for the week ahead – BBH GDP EconomicIndicator Banks UnitedStates
Headline is expected at 0.1% m/m and 4.1% y/y vs. 0.3% and 5.0% in February, while core PCE is expected at 0.3% m/m and 4.5% y/y vs. 0.3% and 4.6% in February. Of note, the Cleveland Fed’s inflation Nowcasting model has headline at 0.08% m/m and 4.10% y/y and core PCE at 0.35% m/m and 4.58% y/y, both very close to consensus. There are no estimates for so-called Super Core PCE, which stood at 4.6% y/y in February. While a headline reading of 4.
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