The Point for North America

The report highlights diverging economic data pointing toward US exceptionalism, concerns over inflationary outliers in PCE metrics, and industry-specific impacts of GLP-1 adoption on restaurants.

Key Takeaways

• 1.Core PCE inflation is projected to be 0.39% MoM in June, potentially appearing as an outlier compared to other cooling measures.
• 2.GLP-1 medication adoption poses an estimated $18bn headwind for the US restaurant industry by 2030, impacting fast food most heavily.

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