「Fed Whisperer」 Nick Timiraos: Core PCE Expected to Rise by About 0.13% in April

BlockBeats News, May 20th, Nick Timiraos, a Wall Street Journal reporter known as the "Fed Whisperer," posted on social media, stating that based on a predictive model mapping CPI and PPI to PCE, the significant drop in investment management services in the April Producer Price Index (PPI) is expected to lead to another mild core PCE inflation reading.

The forecast is for core PCE to grow by about 0.13% in April. However, due to a possible upward revision in March data, the year-over-year growth rate of core PCE may remain around 2.6%.