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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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"The Federal Reserve (FED) Echo Chamber": Core inflation rate in May will remain low for the third consecutive month.
On June 27, Nick Timiraos, a reporter for The Wall Street Journal known as the “mouthpiece of The Federal Reserve (FED),” published an article stating that according to economists mapping CPI and PPI to PCE, the core inflation rate for May is expected to remain low for the third consecutive month. Core PCE estimate: +0.15% (even lower in May 2024, thus the year-on-year growth rate will rise to 2.6%); overall personal consumption expenditures (PCE): +0.12% (impacted by base effects, year-on-year rising to 2.3%). The year-on-year core PCE price index for the U.S. in May will be announced tonight at 20:30, with many institutions generally expecting a value of +2.6%.