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Fed’s Preferred Inflation Gauge in Focus This Week

Fed’s Preferred Inflation Gauge in Focus This Week

Investors will be closely watching Friday’s release of the Federal Reserve’s preferred inflation measure, the “core” Personal Consumption Expenditures (PCE) index.

Economists expect January’s annual core PCE to show a slight decrease to 2.6% from December’s 2.7%, while the monthly figure is projected to rise to 0.3% from 0.2%.

Morgan Stanley’s chief US economist notes that if core PCE hits 2.6%, it would represent a “meaningful step down” in the 12-month inflation rate and support their prediction of a quarter-point rate cut in June.

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