Fed forecasts 0.3% rise in core PCE in January
2024/02/14 22:38
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.
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