Barclays says that they expect core CPI to tick higher in November by 0.3%, “with the firming in the core services component only partly offset by modest deflation in goods”. Adding that last month's report likely "exaggerated" disinflationary pressures, as they see a reacceleration in core services inflation. That adds to an estimated increase in their CPI-equivalent of the PCE supercore measure to 0.39% on the month, up from 0.25% previously.As such, the firm says that the average pace in core prices through June to November would tick higher to 2.9% annualised, up from 2.8% from June to October. And that makes it “more likely that the tightening bias in the FOMC statement will be maintain
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