Federal Reserve's Mouthpiece: Core CPI is More Important to the Federal Reserve

According to Jinshi reports, "the Federal Reserve's mouthpiece" Nick Timiraos stated that economists expect the drop in energy prices last month to lower the overall CPI for June. However, for the Federal Reserve, the core indicators are more important at the moment, with the core CPI expected to be close to May's 0.21% (month-on-month). Subsequently, the market's focus will shift to the PPI and the implications of PPI trends for the PCE.