BlockBeats News, May 20th, Nick Timiraos, a Wall Street Journal reporter known as the "Fed Whisperer," posted on social media that, according to a predictive model mapping CPI and PPI to PCE, the sharp decline in investment management services in the April Producer Price Index (PPI) is expected to result in another modest core PCE inflation reading.
The core PCE is expected to grow by around 0.13% in April. However, due to a possible upward revision in March data, the year-over-year growth rate of core PCE may remain around 2.6%.
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