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MS Post-CPI Initial PCE Estimates:

  • Core PCE at 0.30% M/M in Feb after 0.42% M/M in Jan.
  • Core services ex housing: 0.24% M/M after 0.59%.
  • Headline PCE 0.36% M/M after 0.34%.
  • As always, set for an update after PPI, “in particular watching airfares, healthcare and financial services components.”

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