Fed megaphone: Core CPI is more important to the Federal Reserve

Mars Finance news, citing Jinzhi, Nick Timiraos—known as “the Federal Reserve’s megaphone”—said economists expect that last month’s drop in energy prices will pull down overall CPI for June by 6%. But for the Federal Reserve, the core indicator is more important for now, with core CPI expected to be close to May’s 0.21% (month-over-month). After that, market attention will shift to the PPI, and what the PPI trend implies for the PCE.
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