082826通胀进展不足

关键论点

• 美联储主席沃什的讲话偏鹰派，强调近期PCE和CPI数据并不表明潜在通胀趋势有实质性改善。
• 沃什将2%的PCE通胀目标视为坚定、固定的目标，不会自动实现。
• 鹰派言论暗示委员会支持9月16日加息。
• 沃什偏好的通胀指标是总体PCE平减指数，目前同比3.7%，三个月年化2.2%。

对应原文证据

1. Today’s remarks also indicate that Chairman Warsh is closely focusing on the headline PCE deflator as his preferred inflation metric · medium_term
2. while this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved · short_term
3. Fed Chairman Warsh’s speech today was hawkish: · short_term