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πŸ‡ΊπŸ‡Έ Williams' 0.2% inflation line is already broken, and CPI lands tomorrow

πŸ‡ΊπŸ‡Έ Williams' 0.2% inflation line is already broken, and CPI lands tomorrow

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.

Line chart of US Core CPI y/y from Dec 2022 to Jun 2027 showing historical data and projections for 0.50%, 0.40%, 0.30%, and 0.20% m/m rates.
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

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