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"Fed's Mouthpiece": Expected overall PCE inflation rate in July to be relatively mild, with a year-on-year rise of 2.6%.
BlockBeats news, on August 18, Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," posted on social media that economists expect the core PCE inflation rate for July to be 0.28% (annualized at 3.4%) after converting CPI and PPI data into the PCE index, which will raise the year-on-year increase to 2.9%. The overall PCE inflation rate is expected to be relatively moderate, with a month-on-month increase of 0.21% and a year-on-year increase maintained at 2.6%.