📝We Still Need PPI Data On Friday: Scotiabank

We still need PPI on Friday and then final adjustments, accounting for weighting differences knocks down core CPI upon translation into core PCE maybe by half a tenth to being on the bubble between 0.2% and 0.3% m/m SA. The Fed follows core PCE, not core CPI, and they’ll get the estimate before the next decision. - Scotiabank