Core PCE rose 0.26% in June, matching PIMCO’s forecast of 0.25% and just below the market consensus of 0.3%. The annual rate held at 2.8%, still well above the Federal Reserve’s 2% inflation target, but within what PIMCO described as the “two-point-something” comfort zone that’s prevailed in recent months.
While many companies have so far absorbed the cost of new trade measures, we're now seeing inflation pick up in durable goods — a category closely tied to global supply chains and particularly exposed to tariffs, PIMCO noted.
PIMCO, or Pacific Investment Management Co., is one of the world’s largest fixed-income investment managers, overseeing more than $1.8 trillion in assets. Its views are closely watched by markets given its deep research capabilities and influence in global bond markets.
That graph above is via the PIMCO note.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about inflation surges even as the two political hacks on the fed board push for rate cuts was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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