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MS On Today's BLS OER Webinar

  • "The BLS clarified that the recent change in weights for single family units explained only a minor portion of the large OER-Rents wedge in Jan-24. We keep our forecast path for OER unchanged and expect Feb-23 core CPI at 0.27%M for next week."
  • "The relatively low importance of methodological issues suggests that the last upward surprise in OER was mostly volatility in the series and will not persist throughout the year."
  • "Short-run volatility is common. We actually saw an 8bp upswing in monthly OER prints in Sep-23 followed by normalization the following month."

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