Express
Federal Reserve's Soundbox: Overall PCE Inflation Rate Expected to be Mild in July, Maintaining 2.6% Year-on-Year Growth
Summary: In a recent update, Wall Street Journal reporter Nick Timiraos, known as the 'soundbox' of the Federal Reserve, stated on social media that economists predict the core PCE inflation rate for July to be 0.28% (equivalent to an annual rate of 3.4%), which would raise the year-on-year growth to 2.9%. The overall PCE inflation rate ...
In a recent update, Wall Street Journal reporter Nick Timiraos, known as the 'soundbox' of the Federal Reserve, stated on social media that economists predict the core PCE inflation rate for July to be 0.28% (equivalent to an annual rate of 3.4%), which would raise the year-on-year growth to 2.9%. The overall PCE inflation rate is expected to be mild, with a month-on-month increase of 0.21% and a year-on-year growth maintaining at 2.6%.
Tags:
Link: Federal Reserve's Soundbox: Overall PCE Inflation Rate Expected to be Mild in July, Maintaining 2.6% Year-on-Year Growth [Copy]
