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