'Fed's Mouthpiece': Expect overall PCE inflation rate for July to be relatively moderate, year-on-year increase remains at 2.6%

BlockBeats news, on August 18, Nick Timiraos, a Wall Street Journal reporter known as the 'Fed's Mouthpiece', posted on social media that economists expect the core PCE inflation rate for July to be 0.28% (equivalent to an annual rate of 3.4%) after converting CPI and PPI data into the PCE index, which will raise the year-on-year increase to 2.9%. The overall PCE inflation rate is expected to be relatively moderate, with a month-on-month increase of 0.21% and a year-on-year increase remaining at 2.6%.