Fed Whisperer: Core CPI is More Important for the Fed

Odaily reports that "Fed Whisperer" Nick Timiraos posted on X platform, stating that economists expect the overall U.S. CPI for June may decline due to falling energy prices. However, the Federal Reserve is currently more focused on the core CPI. The market expects the core CPI for June to be close to 0.21%, similar to the May level.

The market will subsequently focus on U.S. PPI data and its impact on the PCE, an inflation indicator that the Fed uses as a key reference.