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US CORE PCE INFLATION SET TO EASE IN FEBRUARY ON MONTH AS FEDERAL RESERVE RATE CUT BETS FOR JUNE MOUNT

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  • The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February.
  • Markets see a strong chance of the Federal Reserve lowering the policy rate by 25 basis points in June.
  • The revised Summary of Projections showed that policymakers upwardly revised end-2024 core PCE forecast to 2.6% from 2.4%.

The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.


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