According to BlockBeats, Wall Street Journal journalist Nick Timiraos, often referred to as the "Fed's mouthpiece," reported that economists mapping CPI and PPI to PCE anticipate that the core inflation rate for May will remain low for the third consecutive month.
The core Personal Consumption Expenditures (PCE) is estimated to increase by 0.15%, with projections suggesting an even lower rate in May 2024, leading to a year-over-year growth rate of 2.6%.
Overall, the Personal Consumption Expenditures (PCE) is expected to rise by 0.12%, influenced by base effects, resulting in a year-over-year increase to 2.3%.
The annual rate of the U.S. core PCE price index for May is scheduled to be released tonight at 20:30 UTC+8, with many institutions generally expecting a value of 2.6%.