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The Federal Reserve (FED) spokesperson predicts: Core PCE in May may remain low for three consecutive months.
[Golden Finance] Nick Timiraos, a reporter for the Wall Street Journal known as a mouthpiece for the Federal Reserve, stated that according to economists who map CPI and PPI to PCE, the core inflation rate in May is expected to remain low for the third consecutive month. Core PCE estimate: +0.15% (even lower in May 2024, thus the year-on-year growth rate will rise to 2.6%); total personal consumption expenditures (PCE): +0.12% (affected by base effects, year-on-year rise to 2.3%). The annual rate of the U.S. core PCE price index for May will be announced tonight at 20:30, with many institutions generally expecting a value of +2.6%.