"The Federal Reserve (FED) mouthpiece" Nick Timiraos: expects April core PCE to pump by about 0.13%

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BlockBeats news, on May 20, Nick Timiraos, a Wall Street Journal reporter known as the "voice of the Federal Reserve (FED)", posted on social media that based on a predictive model mapping CPI and PPI to PCE, the significant decline in the producer price index (PPI) for portfolio management services in April is expected to result in another moderate core PCE inflation reading. The core PCE growth for April is expected to be around 0.13%. However, since March data may be revised upward, the year-on-year growth rate of core PCE may remain around 2.6%.

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