US Core PCE Grows 0.4% Month-Over-Month for Two Consecutive Months, Inflation Rate May Approach 2%
Gate News reports that on March 13, the US financial website investinglive stated that the latest report shows core PCE (Personal Consumption Expenditures Price Index, the inflation indicator closely monitored by the Federal Reserve) has recorded a month-over-month increase of 0.4% for two consecutive months. Overall data is basically in line with expectations. If similar data continues for several more months, the inflation rate will quickly approach 2%, and these data will still be counted in year-over-year calculations over the next 10 months. Additionally, energy price shocks are also coming.