Federal Reserve spokesperson: Weakness in some areas of PPI may affect January core PCE

ChainCatcher news, according to Jinshi reports, "the Fed's mouthpiece" Nick Timiraos stated that due to the weak performance of the PPI components that make up the PCE index (financial and medical services sub-items) in January, the month-on-month core PCE index is expected to be far lower than the significant increase in yesterday's CPI month-on-month rate.

If the core PCE in January rises by 0.27% month-on-month, it will reduce the core PCE annual rate from 2.8% to 2.6%.