CORECoreDao Price

On September 12, crypto analyst Darkfost stated that the U.S. core CPI has reached its lowest point in over five years. Despite monthly inflation remaining high, a clear long-term downward trend has been evident since 2022. The Federal Reserve's decisions are based on long-term developments, indicating no urgency for a rate hike in September.

On September 12, Wall Street economists raised their expectations for August's core PCE following the release of the latest CPI data, with predictions now concentrated in a high range around 0.20%. Several banks even forecasted figures of 0.30% or higher. Specifically: Barclays increased its PCE growth forecast from 0.22% prior to the CPI to 0.25%; Goldman Sachs raised its PCE growth estimate from 0.24% to 0.26%; Nomura Securities adjusted its PCE growth forecast from 0.245% to 0.278%; and Bank of America increased its PCE growth estimate from 0.26% to 0.3%.

On September 12, Wall Street economists raised their expectations for the August core PCE after the latest CPI data was released, with current predictions concentrated in the high range of 0.20%, and several banks even forecasting 0.30% or higher. Specifically: Barclays increased its PCE growth forecast from 0.22% before the CPI to 0.25%; Goldman Sachs raised its PCE growth forecast from 0.24% before the CPI to 0.26%; Nomura Securities adjusted its PCE growth forecast from 0.245% before the CPI to 0.278%; Bank of America lifted its PCE growth forecast from 0.26% before the CPI to 0.30%.