[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Wall St Engine [@wallstengine](/creator/twitter/wallstengine) on x 71.9K followers Created: 2025-07-15 14:26:09 UTC CITI ON CPI: 'SHOULD KEEP FED OFFICIALS CONFIDENTLY ON TRACK TO RESUME POLICY RATE REDUCTIONS IN SEPTEMBER' "Citi’s view – Today’s inflation report is the fourth consecutive softer monthly reading and should keep Fed officials confidently on track to resume policy rate reductions in September. Details have us tracking stronger XXXX% MoM core PCE, but this reflects temporary strength in dental services and a rebound in portfolio management fees which should not be concerning to Fed officials after three sub-target monthly annualized readings." "We will have a better read on core PCE after the release of PPI tomorrow. Prices for home furnishings increased the most in any month since January 2022, indicating some tariff costs are being passed through in certain categories of goods. It may be that different categories of goods see staggered price increases, with apparel prices rising later this summer. Residual seasonality likely played a role in pushing used car prices down." "Some additional tariff effects in goods prices that are not fully offset by falling car prices should be expected in the next few months. But the early indication is that tariff related inflation will be relatively modest and confined to goods as services prices continue to slow. Services inflation continues to look favorable for a return to mandate-consistent inflation. Owner’s equivalent rent and primary rents are rising at rates that would have been normal pre-pandemic and with house prices falling the risk is to even further slowing in that category." "Volatile categories like airfares and portfolio management fees (in PCE) have created some noise in monthly “supercore” readings. But the slowdown in non-shelter core services prices is broad across categories. Together with cooling wage growth that should keep Fed officials confident that the slowdown will be persistent." XXXXXX engagements  **Related Topics** [fed rate](/topic/fed-rate) [fed](/topic/fed) [inflation](/topic/inflation) [Post Link](https://x.com/wallstengine/status/1945127752786698276)
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Wall St Engine @wallstengine on x 71.9K followers
Created: 2025-07-15 14:26:09 UTC
CITI ON CPI: 'SHOULD KEEP FED OFFICIALS CONFIDENTLY ON TRACK TO RESUME POLICY RATE REDUCTIONS IN SEPTEMBER'
"Citi’s view – Today’s inflation report is the fourth consecutive softer monthly reading and should keep Fed officials confidently on track to resume policy rate reductions in September. Details have us tracking stronger XXXX% MoM core PCE, but this reflects temporary strength in dental services and a rebound in portfolio management fees which should not be concerning to Fed officials after three sub-target monthly annualized readings."
"We will have a better read on core PCE after the release of PPI tomorrow. Prices for home furnishings increased the most in any month since January 2022, indicating some tariff costs are being passed through in certain categories of goods. It may be that different categories of goods see staggered price increases, with apparel prices rising later this summer. Residual seasonality likely played a role in pushing used car prices down."
"Some additional tariff effects in goods prices that are not fully offset by falling car prices should be expected in the next few months. But the early indication is that tariff related inflation will be relatively modest and confined to goods as services prices continue to slow. Services inflation continues to look favorable for a return to mandate-consistent inflation. Owner’s equivalent rent and primary rents are rising at rates that would have been normal pre-pandemic and with house prices falling the risk is to even further slowing in that category."
"Volatile categories like airfares and portfolio management fees (in PCE) have created some noise in monthly “supercore” readings. But the slowdown in non-shelter core services prices is broad across categories. Together with cooling wage growth that should keep Fed officials confident that the slowdown will be persistent."
XXXXXX engagements
