Fed forecasts 0.3% rise in core PCE in January
Fed sounding board Nick Timiraos says that forecasters who translate CPI into PCE are now tracking core PCE for January, which is expected to rise 0.3%, which would bring the 12-month growth rate down to 2.7%. But those forecasts are preliminary and could change after Friday's PPI data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The probability of Khamenei stepping down before March 31 surges to 93% on Polymarket
BTC surpasses $67,000
The probability of "Will Khamenei step down before March 31" on Polymarket rises to 97%
Trending news
MoreThe probability of Khamenei stepping down before March 31 surges to 93% on Polymarket
OpenAI recently announced that it has signed a cooperation agreement with the U.S. Department of Defense, allowing Dow Jones Index constituent companies to fully utilize its artificial intelligence systems in compliance with relevant laws and regulations.
Crypto prices
More
