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PIMCO pares 2017 U.S. core inflation view to 2 percent
May 15, 2017 / 5:19 PM / 6 months ago

PIMCO pares 2017 U.S. core inflation view to 2 percent

NEW YORK (Reuters) - Investment manager PIMCO said on Monday it reduced its U.S. core inflation forecast at the end of 2017 to 2.0 percent from 2.3 percent following a softer-than-expected reading on the Consumer Price Index released on Friday.

FILE PHOTO - A employee walks by a meat cooler in the grocery section of a Sam's Club during a media tour in Bentonville, Arkansas, U.S. on June 5, 2014. REUTERS/Rick Wilking/File Photo

“In a nutshell, unlike in March, April’s soft inflation across a range of core goods and services prices cannot be explained away by large, one-off price adjustments or other quirks in the data,” PIMCO U.S. economist Tiffany Wilding wrote in a blog post.

Reporting by Richard Leong; Editing by Chris Reese

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