Citigroup expects the March core PCE month-over-month rate to be 0.3%, higher than the level corresponding to the Federal Reserve’s 2% target.

GateNews

2026-04-10 14:03:52

Gate News message: On April 10, Citigroup Group’s economists, based on the CPI data released today, initially expected that the core PCE (Personal Consumption Expenditures Price Index—the Fed’s preferred inflation gauge) month-over-month rate for March will be 0.3%. This data is above the level implied by the Federal Reserve’s 2% year-over-year target, but it is better than February’s 0.4% increase. The Citigroup team noted that, compared with the PCE gauge preferred by the Federal Reserve, core CPI has consistently shown unusually small increases. They also need to combine the PPI data in order to make a more accurate forecast for PCE.

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