「Fed's Whisperer」: June Core PCE Inflation Begins to Deteriorate, Some Metrics Even Worse Than During Last Year's Rate Cut Phase

BlockBeats News, July 31st, in a "Federal Reserve megaphone" message, Nick Timiraos stated, "June core PCE inflation appears to be deteriorating and is no better than when the Federal Reserve began cutting rates last year, and by some measures, even worse. The June core PCE price index has a 3-month annualized rate of 2.6% (compared to 2.3% a year ago). Calculated on a 6-month annualized basis, this figure is 3.2% (compared to 3.3% a year ago)." (FX678)