Federal Reserve mouthpiece: PPI weakness in some areas may affect January core PCE
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Odaily reports that "Fed mouthpiece" Nick Timiraos: Due to the weak performance of the PPI components that make up the PCE index (financial and medical services sub-items) in January, the US January core PCE index is expected to be far lower than the sharp rise in the CPI monthly rate yesterday. If the core PCE rises 0.27% month-on-month in January, it will cause the core PCE annual rate to fall from 2.8% to 2.6%. (Gold Ten)
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