Fed Whisperer: Core CPI is More Important for the Fed

Odaily Planet Daily News: "Fed Whisperer" Nick Timiraos posted on X, stating that economists expect the overall US CPI for June to decline, possibly driven by falling energy prices. However, the Fed is currently more focused on the Core CPI. The market expects the Core CPI for June to be close to 0.21%, similar to May's level.

Subsequently, the market will focus on the US PPI data and its impact on the PCE, the Fed's preferred inflation metric.