Fed Mouthpiece: July Headline PCE Inflation Expected to Remain Mild, Year-on-Year Increase Holds at 2.6%
According to a report by Jinse Finance, Nick Timiraos, a Wall Street Journal reporter known as the Fed's mouthpiece, posted on social media that after converting CPI and PPI data into the PCE indicator, economists expect the core PCE inflation rate for July to be 0.28% (an annualized rate of 3.4%), which would push the year-on-year increase to 2.9%. The overall PCE inflation rate is expected to be relatively moderate, with a month-on-month increase of 0.21% and a year-on-year increase remaining at 2.6%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Musk Responds to "SpaceX Post-IPO Tax Avoidance Scheme" Discussion: Will Not Sell Any Shares
Ackman: Selling Google shares does not mean shorting the company
Data: ASTEROID on Ethereum surges over 16% in 24 hours, market cap rises to 139 million USD
Ethereum-based ASTEROID Surges Over 16% in 24 Hours, Market Cap Reaches $139 Million
