Timiraos said some forecasters who backcast May PCE from US PPI and CPI expect a strong core PCE print and a sizable divergence from CPI, projecting core PCE YoY at 3.4% when the May figure is released on Thursday.

2026-06-25

Timiraos said some forecasters who backcast May PCE from US PPI and CPI expect a strong core PCE print and a sizable divergence from CPI, projecting core PCE YoY at 3.4% when the May figure is released on Thursday.