FED'S PREFERRED INFLATION GAUGE LIKELY ROSE IN MAY: GOLDMAN SACHS
Despite a cooler-than-expected CPI, data suggests the Fed’s preferred inflation measure—the core PCE index—likely rose 0.2% in May, up from 0.1% in April, according to Goldman Sachs. That would push year-over-year core PCE to 2.6% from 2.5%. More clarity is expected after Thursday’s producer price report.The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments