Opinion: The core PCE is expected to cool down this week, predicting the Federal Reserve will cut interest rates by 25 basis points in 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 core PCE will continue to decline in the coming months, although sticky service prices still put upward pressure on this index. Russell Price added analysis: "Maintaining a pause is a very rational and reasonable view, it is expected that the Federal Reserve will cut interest rates by 25 basis points at the meeting in June."
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