Chief Economist of Wells Fargo: CPI higher than expected is not good news, the Federal Reserve pays more attention to PCE

Bitget App

Trade smarter

2024/02/13 15:57

According to a report by Jinshi, Jay Bryson, Chief Economist of Wells Fargo Bank, stated that CPI higher than expected is not "good news." However, he added that the Federal Reserve pays more attention to PCE rather than CPI. Measured by the PCE index, inflation remains low. Furthermore, the Federal Reserve will not make decisions based on one piece of data alone; it still needs to weigh the overall situation. Lastly, there is still a long time until May.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Data: In the past 24 hours, total liquidations across the network reached $424 million, with long positions liquidated for $290 million and short positions for $134 million.

Curvance completes $4 million strategic financing