U.S. Core Inflation Expected to Remain Low for Third Consecutive Month

According to BlockBeats, Wall Street Journal journalist Nick Timiraos, often referred to as the "Fed's mouthpiece," reported that economists mapping CPI and PPI to PCE anticipate that the core inflation rate for May will remain low for the third consecutive month. The core Personal Consumption Expenditures (PCE) is estimated to increase by 0. 15%, with projections suggesting an even lower rate in May 2024, leading to a year-over-year growth rate of 2. 6% source: https://www.binance.com/en/square/post/26178466064042?utm_source=BinanceNewsRSS