New York Fed President John Williams set a 0.2% monthly core inflation threshold for holding rates, but core PCE has averaged 0.34% in 2026. June CPI and PPI data land July 14-15, two weeks before the Fed's July 28-29 meeting.
NY Fed President John Williams' 0.2 percent monthly core inflation threshold for keeping policy well positioned comes into focus as services inflation and employment data remain elevated. Source
