Macro Briefing: 28 March 2024
29) of the Personal Consumption Expenditure (PCE) report is expected to show that headline inflation eased to a monthly 0… If correct, the news will provide a degree of support for thinking that the January surge in inflation was a one-off event… But at the same time, economists still see the y…
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Tomorrow’s release (Fri., Mar. 29) of the Personal Consumption Expenditure (PCE) report is expected to show that headline inflation eased to a monthly 0.3% rise in February, according to the consensus point forecast via Econoday.com. If correct, the news will provide a degree of support for thinking that the January surge in inflation was a one-off event. But at the same time, economists still see the year-over-year change in headline PCE inflation ticking up to 2.5% vs. 2.4% in January, suggesting that Friday’s inflation data is on track to deliver a mixed profile of pricing pressure for last month.
Author: James Picerno