After PPI, Pantheon sees core PCE at 0.28% for the month of June
Pantheon is out with their take on the core PCE for June:
- See June core PCE at 0.28% which would keep the inflation rate at 2.7%
- They add that they do see inflation taking up to 0.35% in July due to tariff -related price increases
- Tehy see core PCE inflation peaking at 3.25% at the end of the year easing in 2026
Note that their estimate for for PCE was 0.35% after the CPI data yesterday.