From the Journal's Nick Timeraos, January:
With the Dec CPI, PPI and import prices in hand, forecasters who do the math expect core PCE prices to have risen 0.18% (this annualizes to 2.2%)
— Nick Timiraos (@NickTimiraos) January 29, 2025
This would hold the 12-month rate at 2.8% and lower the 6-month and 3-month annualized rates to 2.3% pic.twitter.com/qGKXfBwdyd
The next three CPI releases will get very interesting should the disinflationary trend bleed over to that index but not incentivize the Fed to cut rates. In that event pencil rising real rates into your forecasts.
