Analysis: Core PCE is expected to cool down, the Federal Reserve may cut interest rates by 25 basis points at the June meeting
Ameriprise Financial's Chief Economist Russell Price predicts that the overall PCE will increase by 0.3% in December, and the core PCE will increase by 0.2%, which is consistent with general market estimates. Economists generally predict that the month-on-month growth rate of core PCE inflation (excluding volatile food and energy prices) will accelerate by 0.2%, and the year-on-year growth rate will remain at 2.8%. Russell Price believes that maintaining a pause is a very rational and reasonable view, predicting that the Federal Reserve will cut interest rates by 25 basis points at its June meeting.
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