Wall Street's expectations are out, just like Bloomberg. So the pessimism in the bond market on the day the PPI was released is a result of robotic trading, rather than reflecting the Fed's true thoughts, because 0.28 is acceptable.
Nick Timiraos
Nick Timiraos18.8. klo 20.15
Economists who translate the CPI and PPI into the PCE expect monthly core inflation was 0.28% in July (3.4% annualized), which would raise the year-over-year measure to 2.9% Headline PCE is expected to be milder at 0.21%, holding the year-over-year measure at 2.6%.
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