Jump in Portfolio Management Fees May Add Pressure to PCE
Dow Jones
Aug 13
1052 ET - Economists are now digesting this week's inflation data with the CPI and PPI prints in hand. With both reports showing a decline in annual inflation rates, some economists think this adds to the case for the Fed to stay on hold for the rest of this year. However, in today's PPI report, some economists predict the jump in portfolio management fees may add some pressure to PCE, what has been the Fed's preferred inflation measure. The BEA will change its methodology in measuring those fees in September, with economists predicting the revisions will ease pressure on future core PCE readings.
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