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Fed's Signal: Core PCE Inflation Deteriorating in June, Some Indicators Worse Than Last Year's Rate Cuts
Summary: According to sources, Fed's signaler Nick Timiraos stated that core PCE inflation in June appears to be deteriorating, not better than when the Fed started cutting rates last year, and even worse based on some indicators. The 3-month annualized rate for core PCE price index in June was 2.6% (compared to 2.3% last year). Calculated ...
According to sources, Fed's signaler Nick Timiraos stated that core PCE inflation in June appears to be deteriorating, not better than when the Fed started cutting rates last year, and even worse based on some indicators. The 3-month annualized rate for core PCE price index in June was 2.6% (compared to 2.3% last year). Calculated on a 6-month annualized basis, this figure was 3.2% (compared to 3.3% last year).
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Link: Fed's Signal: Core PCE Inflation Deteriorating in June, Some Indicators Worse Than Last Year's Rate Cuts [Copy]
