After rising for several months, annual inflation in the eurozone fell further than consensus expectations in March, easing back from 2.0 % to 1.5 % at
the headline level, and from 0.9 % to 0.7 % at the core level.
The Fed's favored measure, the personal consumption expenditures price index, moved up 0.2 % to 2.1 % year - on - year in February at
the headline level, though the core measure was unchanged at 1.8 %, after the previous month's reading was revised up by a tenth.
Prices increased firmly at
the headline level once more...
But the mixed economic picture was underlined by the same month's inflation report, showing annual price rises below consensus forecasts at
the headline level and a slight decline in core inflation.
It is not hard to imagine a scenario where the US runs larger trade deficits, both bilaterally and at
the headline level, as a result of NAFTA's demise.
These figures were also replicated at
the headline level.
While
the headline level of Liberal Democrat support is unchanged, there could be underlying churn — perhaps Sir Menzies Campbell's election has taken support from the Tories but lost support to Labour.