PANews reported on January 31 that according to Jinshi, Ameriprise Financial Chief Economist Russell Price expects overall PCE to grow by 0.3% month-on-month in December and core PCE to grow by 0.2% month-on-month, which is consistent with market consensus estimates. Economists generally expect core PCE inflation (excluding volatile food and energy prices) to accelerate by 0.2% month-on-month and maintain year-on-year growth at 2.8%. Russell Price believes that maintaining a pause is a very rational and reasonable view, and expects the Federal Reserve to cut interest rates by 25 basis points at its June meeting.
Analysis: Core PCE is expected to cool down, and the Fed may cut interest rates by 25 basis points at the June meeting
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