- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
「Fed Whispers」: Core Goods Prices Expected to Drop in August PCE, But Actually Rise in CPI
BlockBeats News, September 12th, Nick Timiraos, a Wall Street Journal reporter known as the "Fed Whisperer," tweeted on social media that due to significant price drops in certain product categories in August with higher weight in PCE than CPI, a larger gap or "wedge gap" has formed between core PCE and core CPI last month.
By deducing PCE from CPI and PPI data, analysts expect that the core inflation indicator favored by the Fed saw a month-over-month increase of about 0.20% last month (compared to CPI's 0.35%), which will keep the 12-month annual rate at 2.9%.
Of particular note is the expected decline in core goods prices in August PCE—part of which actually rose in CPI.
The overall price is expected to increase by 0.24% month-over-month, pushing the 12-month annual rate to 2.7%.
You may also like
Gainers
Latest Crypto News
Balancer Community Proposal to Develop a Plan for Allocating Recovered Funds from the Hack Incident
Trump: Stock Market Will Continue to Reach New Highs
A certain DeFi lending protocol whale continues to offload 350 WBTC, incurring a $10.16 million loss
Amundi Launches Tokenized Euro Money Market Fund on Ethereum
YZi Labs has submitted a draft registration statement to the U.S. SEC, intending to expand the CEA Industries board and elect new directors.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App