Posted 2/28/2024, 10:53:00 PM
Core Inflation Expected to Show Acceleration in January, Potentially Delaying Fed Rate Cuts
- Core PCE inflation expected to show prices rose faster in January, possibly delaying Fed rate cuts
- Monthly core PCE increase could be as high as 0.5% in January vs 0.2% in December
- Year-over-year core PCE still falling but 6-month rate may accelerate to 2.5%
- Headline PCE inflation also likely rose monthly; still slowing year-over-year
- If inflation trends up, could indicate broader pricing pressure, concerning for Fed rate cut plans
