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Flash PMIs Play Second Fiddle To U.S. PCE Deflator And Accelerating Inflation

Flash PMIs Play Second Fiddle To U.S. PCE Deflator And Accelerating Inflation

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The world’s three largest economies, the US, China, and Japan, are likely to accelerate for different reasons in Q4 from Q3. The median forecast (Bloomberg survey) expected the October PCE deflator to rise by 0.7%. That would likely lift the year-over-year rate a little above 5%.

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