US Core PCE Preview: Forecasts from seven major banks, decline continues UnitedStates Inflation Fed Macroeconomics Banks
we get closer to the release time, here are the forecasts of economists and researchers of seven major banks.
the annual rate to decline to 4.4% from 4.7% in November. If so, it would be the lowest since October 2021 but still more than double the Fed’s 2% target.“We expect the Fed’s favoured measure of inflation to show a relatively benign 0.2% MoM reading, which would confirm the easing trend in price pressures.”“Core PCE prices likely accelerated to a 0.3% MoM pace in Dec, though a 0.4% gain can't be discarded. The YoY rate likely slowed to 4.
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