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Timiraos: PCE report shows disinflation ‘relatively broad based’

WSJ Fedwatcher Nick Timiraos is out with his latest and it’s upbeat on the disinflation process:

Decomposing the July PCE shows disinflation over the last three months continues to be relatively broad-based:

• sequential improvement for housing and nonhousing services
• continued deflation in goods

This article was written by Adam Button at www.forexlive.com.

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