Core PCE Inflation Rate Expected To Slow In January

According to BlockBeats, Nick Timiraos, often referred to as the 'Fed's mouthpiece,' reported that economists converting CPI and PPI into PCE anticipate a 0.27% rise in core prices for January. The core prices had previously increased by 0.50% in January 2024. Due to this base effect, the 12-month core PCE inflation rate is expected to slow from 2.8% in December to 2.6%.