WSJ Timiraos: Core PCE forecast at 0.18% given CPI, PPI and Import prices

  • 12 month forecast at 2.8% (unchanged). 6 and 3 month inflation at 2.3%

A tweet (x) by WSJ Timiraos pegs the core PCE at up 0.18%. That would put the 3-6 month rate at 2.3%. The 12 month stays at 2.8%.

The FOMC announces its rate decision at 2 PM with no change expected.

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