#PCEInflationWatch
The PCE inflation figure is broadly in line with expectations, showing stable but elevated inflation.
The core PCE is “sticky” (i.e., persistent) at 2.9 %, indicating that inflation pressures beyond volatile food/energy remain substantial.
Since the headline and core numbers did not surprise to the upside, markets see room for the Fed to continue cautiously easing rates.
The PCE inflation figure is broadly in line with expectations, showing stable but elevated inflation.
The core PCE is “sticky” (i.e., persistent) at 2.9 %, indicating that inflation pressures beyond volatile food/energy remain substantial.
Since the headline and core numbers did not surprise to the upside, markets see room for the Fed to continue cautiously easing rates.