Morgan Stanley expects a firmer reading in February’s core personal consumption expenditures (PCE) price index, forecasting a monthly gain of 0.35%. The bank attributes the strength to persistent goods inflation and a rebound in core services prices excluding housing.
In contrast, the headline PCE index is projected to rise by a slightly softer 0.32% month-on-month, with declines in food and energy prices helping to temper the overall figure. The divergence between headline and core inflation underscores the stickiness of underlying price pressures that the Federal Reserve is monitoring closely.
The bank's forecast, if realised, would reinforce concerns that progress on disinflation may be stalling, potentially complicating the Fed’s timing on rate cuts. Markets are watching the upcoming PCE data closely, as it is the Fed’s preferred inflation gauge.
**
The data is due at 1230 GMT / 0830 US Eastern time:
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about morgan stanley data preview sees hotter core pce print 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( Morgan Stanley data preview - sees hotter core PCE print )
Also on site :
- Seizure of Russian-flagged oil tanker: what we know so far
- 'TV star Nick Owen recovering from second cancer scare - Midlands Today presenter reveals he has had surgery for disease in his kidney
- Fatal I-55 crash shuts down lanes in southwest suburbs; ‘major' traffic backups expected