Svmuu News: Nick Timiraos, known as the “Fed’s mouthpiece,” posted on X that economists expect the U.S. overall CPI for June to decline, likely driven by falling energy prices. However, the Fed is currently more focused on core CPI. The market expects June’s core CPI to be around 0.21%, close to May’s level.
Moving forward, the market will focus on U.S. PPI data and its impact on the PCE—the inflation metric the Fed relies on most heavily.