Core PCE (YOY): 2.6%
Core PCE (MOM): 0.2%
We can see from the chart below that the US PCE inflation is starting an upward monthly trend. In other words, this means there is not much room for the US inflation to decline any further. As such, there is a high chance that the US Fed will only cut its rates by 0.25% in September 2024 so as not to provide an oomph for any inflation spike.
No comments:
Post a Comment