Nick Timiraos, often described as a “Fed whisperer,” said May core CPI increased 0.21% month on month, a reading very close to expectations.
Nick Timiraos, often referred to as a “Fed whisperer,” said that core CPI rose 0.21% month on month in May. According to the statement, the figure was very close to the expected level.
Core CPI is commonly used to track underlying inflation trends after excluding more volatile components. The item was published by TechFlowPost under its policy and regulation category, and the source did not provide additional breakdowns or comments from Federal Reserve officials.
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