Fed Relies on Internal Estimates Ahead of June Core PCE Release

Powell confirms Fed uses internal inflation estimates rather than waiting for public data. June core PCE due Thursday; market expects 3.30% YoY, down from 3.40%.

Woofun AI reports that Federal Reserve Chair Powell emphasized the central bank utilizes internal inflation estimates rather than awaiting public data releases to gauge the economic landscape. While the Personal Consumption Expenditures index remains a primary reference indicator, FOMC members rely on available information for their discussions. The June core PCE data is scheduled for release at 20:30 Beijing time on Thursday. Market consensus anticipates a year-on-year increase of 3.30%, a decrease from the previous 3.40% reading. A result below expectations could diminish urgency for rate hikes, whereas higher figures may reinforce tightening prospects.