Anna Wong(@AnnaEconomist):Both core CPI, unit labor costs suggest underlying inflation is heading to 2%. Usually core pce should move in same way, but not this time. If anything there is a justifiably case to be looking at measures beyond pce for the unusual historically large deviation.

Anna Wong

@AnnaEconomist

Chief US Economist, Bloomberg LP @economics. Former Fed/CEA/US Treasury, PhD @uchi_economics BA @UCberkeley. All opinions are my own.

Joined May 2022

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Anna Wong@AnnaEconomist

2026.08.06 16:17

Both core CPI, unit labor costs suggest underlying inflation is heading to 2%. Usually core pce should move in same way, but not this time. If anything there is a justifiably case to be looking at measures beyond pce for the unusual historically large deviation.