Core PCE Expected to Rise Alongside Core CPI in September

Financial experts are anticipating a rise in the core Personal Consumption Expenditures (PCE) for September, mirroring the growth observed in the core Consumer Price Index (CPI). Wall Street Journal reporter Nick Timiraos, commonly referred to as the ‘Fed Whisperer,’ offered insights into this trend through social media posts. As both the Consumer Price Index (CPI) and Producer Price Index (PPI) data were released for September, the core PCE is expected to increase by approximately 0.22%, aligning closely with the core CPI figures for the same month. If this increase falls below the anticipated level, the year-over-year inflation rate could decrease from 2.9% in August to 2.8%.