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%.
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