What was the change in retail inventories mentioned?
US Core PCE Rises at Slowest Monthly Pace Since Late 2020
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The video discusses recent economic data, highlighting a slight rise in monthly numbers and core figures. It covers GDP revisions and their impact on PCE numbers, noting a decrease in the core deflator. The Federal Reserve's progress is mentioned, with a focus on trade balance and inventory changes that could influence GDP growth.
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What impact might the numbers discussed have on GDP?
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