「Fed Whispers」: Core Goods Prices Expected to Drop in August PCE, But Actually Rise in CPI
BlockBeats News, September 12th, Nick Timiraos, a Wall Street Journal reporter known as the "Fed Whisperer," tweeted on social media that due to significant price drops in certain product categories in August with higher weight in PCE than CPI, a larger gap or "wedge gap" has formed between core PCE and core CPI last month.
By deducing PCE from CPI and PPI data, analysts expect that the core inflation indicator favored by the Fed saw a month-over-month increase of about 0.20% last month (compared to CPI's 0.35%), which will keep the 12-month annual rate at 2.9%.
Of particular note is the expected decline in core goods prices in August PCE—part of which actually rose in CPI.
The overall price is expected to increase by 0.24% month-over-month, pushing the 12-month annual rate to 2.7%.
You may also like

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point

After a 48-hour ban, Claude reached the top of the App Store

If this is the beginning of the triple halving, what are top investors saying about what to expect?

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow

Pantera Capital Partner: The Financial Trajectory of AI Agents

In the next 5 years, Vitalik will scale Ethereum like this

Sam Altman and the End of the World Capitalism

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

Why is it said that there are structural opportunities in encrypted AI?

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?
