According to BlockBeats, Nick Timiraos, often referred to as the 'Fed's mouthpiece,' reported that economists converting CPI and PPI into PCE anticipate a 0.27% rise in core prices for January.
The core prices had previously increased by 0.50% in January 2024. Due to this base effect, the 12-month core PCE inflation rate is expected to slow from 2.8% in December to 2.6%.
