Federal Reserve Chairman Kevin Walsh: FOMC has internal inflation estimates

Federal Reserve Chairman Kevin Walsh stated that the range of inflation data used to achieve the 2% inflation target is broader than PCE data, which serves as a reference indicator. The core PCE data for June will be released on Thursday at 20:30 (UTC+8). FOMC members have obtained estimates formed by staff based on existing information, and FOMC relies on internal analysis for discussion. According to a report by Jinshi, the market expects core PCE to increase by 3.30% year-on-year, lower than the previous value of 3.40%.