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A Small Miss For Core PCE In Q3 Advance

US DATA
  • Core PCE meanwhile was softer than expected at 2.43% annualized (cons 2.5) in the Q3 advance, and that rounding should help limit some of the attention on the 0.1pt miss on the screens.
  • It can be a large assumption, but no change in the monthly profile would mean this is equivalent to just under a 0.23% M/M print in September (revealed tomorrow, cons currently at 0.3 rounded). Again, with no revisions, it would follow three months averaging 0.178% M/M.

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