Federal Reserve Mouthpiece: May Core Inflation Rate to Remain Low for the Third Consecutive Month

According to a report by the Wall Street Journal, known as the mouthpiece of the Federal Reserve, journalist Nick Timiraos stated that economists mapping CPI and PPI to PCE expect the core inflation rate in May to remain low for the third consecutive month. Core PCE Estimate: +0.15% (even lower in May 2024, which will raise the year-on-year growth rate to 2.6%); Overall Personal Consumption Expenditures (PCE): +0.12% (due to base effect, year-on-year increase to 2.3%). The annual rate of the U.S. May core PCE price index will be announced tonight at 20:30, with many institutions generally expecting a value of +2.6%.