Market Analysis: Consecutive Increases in Core PCE Are Unfavorable for Federal Reserve Doves
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Golden Ten Data reported on March 13 that the American financial website investinglive stated: This report poses a problem for the dovish members of the Federal Reserve. The overall data basically meets expectations, but if you look closely, the core PCE has recorded a month-on-month increase of 0.4% for two consecutive months. If similar data appears for a few more months, the inflation rate will quickly approach 2%, and these figures will still be included in year-on-year calculations over the next 10 months. In addition, an energy price shock is also imminent.
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