Fed Mouthpiece: Decline in Auto and Apparel Prices Drives Core CPI Below Expectations
Jin10 News, June 11 – “Fed mouthpiece” Nick Timiraos stated that declines in car and apparel prices led to a lower-than-expected reading for core CPI in May. Some forecasters had anticipated that these two categories would show early effects of tariffs in May. (Jin10 Data APP)
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