WSJ Timiraos: This month is good, but what will the impact of tariffs going forward ...Middle East

A year ago tame PCE MoM data will fall off from the YoY calculation, putting upside pressure on the YoY levels.

May 2024, 0.0%June 2024, 0.1%July 2024, 0.2%August 2024, 0.1%September 2024, 0.2%October 2024, 0.2%

For the core MoM over the next 6-months

May 2024, 0.1%June 2024, 0.2%July 2024, 0.2%August 2024, 0.1%September 2024, 0.3%October 2024, 0.3%

MoM gains of 0.2% or more for headline and core data will mathematically move the YoY up for the headline and the core measures.

This article was written by Greg Michalowski at www.forexlive.com.

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