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TechFlow reports, on February 28, Nick Timiraos, known as the "Fed whisperer," tweeted that economists who convert CPI and PPI into PCE estimates expect core prices rose by 0.27% in January.
Due to the base effect from a 0.50% rise in core prices in January 2024, the 12-month core PCE inflation rate is set to slow from 2.8% in December to 2.6%.
"Fed whisperer" Nick Timiraos tweeted that economists who convert CPI and PPI into PCE estimates expect core prices rose 0.27% in January. Due to the base effect from a 0.50% core price increase in January 2024, the 12-month core PCE inflation rate is set to slow from 2.8% in December to 2.6%.
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