WSJ’s Nick Timiraos shared on X the current forecasts for the US PCE price index due in a couple of weeks. The PCE price index is the Fed’s preferred inflation measure.
These forecasts can change a little after the US PPI today and the US Import prices tomorrow. It’s certainly moving in the right direction, but unfortunately inflation is a lagging indicator.
The market is now pricing better growth ahead following the positive developments on the trade front
Forecasters expect a mild April Core PCE reading after the US CPI report
