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Gonna get flak for this. Applying Truflation’s .03% MoM advance to July’s official core PCE settles the Dove-Hawk debate-the 2MMA rate falls to 1.66%; more importantly, 3MMA slides in at 1.79%. The correlation since 2011 between @truflation Core PCE & @BLS_gov Core PCE is .89. https://t.co/c9CE2HfkKh
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