PCE Outlook: The core PCE annual rate will remain the same as last month and the monthly rate will increase slightly

Golden Ten Data reported on March 29 that the research team of financial website Fxstreet said that the U.S. core PCE price index in February is expected to increase by 0.3% on a monthly basis, which is slightly lower than the 0.4% increase in January. The U.S. core PCE price index in February The annual rate is expected to be flat at 2.8%, with personal spending rising to an annual rate of 2.5%. The Fed's March economic forecast showed that core PCE is expected to reach 2.6% by the end of 2024, up from the 2.4% forecast in December. Oscar Munoz, chief U.S. macro strategist at TD Securities, said that given that the U.S. CPI/PPI data still grew strongly in February, the core PCE monthly rate is expected to grow strongly again, although it is significantly lower than the 0.42% in January and the 0.36% core CPI in February.