Federal Reserve Messenger: Core inflation rate to remain low for third consecutive month in May

BlockBeats News: On June 27th, Nick Timiraos, a journalist from The Wall Street Journal known as the "voice tube" of the Federal Reserve, published an article stating that economists who map CPI and PPI to PCE predict that the core inflation rate will remain low for the third consecutive month in May. Core PCE estimate:+0.15% (May 2024 or even lower, therefore year-on-year growth rate will rise to 2.6%); Overall personal consumption expenditure (PCE):+0.12% (due to the base effect, it increased to 2.3% year-on-year). The annual core PCE price index for May in the United States will be released tonight at 20:30, with many institutions generally expecting a+2.6% rate.