Fed Whisperer: Core CPI is More Important for the Federal Reserve

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

Going forward, the market will focus on U.S. PPI data and its impact on the PCE, a key inflation indicator referenced by the Federal Reserve.