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Super Brief: The One-Channel Print — Super Brief
Published 2 months, 1 week ago
Description
The One-Channel Print. March PPI printed 4.0% year over year, the highest since February 2023, but the real number was core at +0.1% monthly with services stuck at 3.8% for a fourth straight month. Energy did all the work. The tape read it dovish; the Fed read is narrower. A one-channel print is a license to hold, not a s