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

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ME News, July 14 (UTC+8): The Federal Reserve’s “Nick Timiraos” said on X that economists expect the U.S. June headline CPI to fall, driven by a drop in energy prices. However, the Federal Reserve is currently more focused on core CPI. The market expects June core CPI to be near 0.21%, close to the May level. Next, the market will watch the U.S. PPI data and how it impacts PCE, the inflation gauge the Federal Reserve uses as its key reference. (Source: ODAILY)
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