The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure , will be released by the US Bureau of Economic Analysis on Friday, March 29 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of seven major banks. The US core PCE Price Index is expected to remain steady at 2.8% year-on-year. The monthly underlying inflation data is forecasted to have increased by 0.3%, slowing from January’s 0.4% advance.
The Fed’s preferred inflation gauge, core PCE, should come in hot for the second month in a row at 0.3% MoM. Headline PCE prices should rise by 0.4%. Citi Core PCE inflation should rise 0.26% MoM, rounding to 0.3% but with a chance of a somewhat softer print that rounds to 0.2%. Likely upward revisions to last month’s data should mean year-on-year core PCE is revised higher to 2.9% in January and moderates only to 2.8% YoY in February.
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