Powell will cite ongoing core goods disinflation due to supply-side normalization. Focus shifts to services; market pricing has already discounted this. He won't highlight goods as a primary concern. 95% NO — invalid if April PCE goods data reverses disinflation.
Powell will cite ongoing core goods disinflation due to supply-side normalization. Focus shifts to services; market pricing has already discounted this. He won't highlight goods as a primary concern. 95% NO — invalid if April PCE goods data reverses disinflation.