Fed Whisperer: PPI Softness in Some Areas May Affect January Core PCE

BlockBeats News, February 13th, "Fed Whisperer" Nick Timiraos: Due to the weakness in the components of the PPI that make up the PCE index (financial and medical services subcomponents) in January, the US core PCE index for January is expected to be well below the significant increase in yesterday's CPI index. If the core PCE index for January rises by 0.27% on a monthly basis, it will cause the core PCE annual rate to drop from 2.8% to 2.6%. (Wall Street CN)