BlockBeats News, November 27: Inflationary pressures have declined significantly since peaking two years ago, but the pace of improvement has slowed in recent months. The PCE index is the Fed’s preferred measure of price pressures. The Fed’s goal is to keep PCE inflation around 2% in the long term to maintain a healthy economy.
According to economists’ predictions, the PCE price index in October will increase by 0.20% month-on-month and 2.30% year-on-year. The core PCE inflation rate, which excludes volatile food and energy prices, is expected to increase by 0.30% month-on-month and 2.80% year-on-year.
While economists expect both indicators to rise compared with September, analysts believe price pressures are still improving. Russell Price, chief economist at Ameriprise Financial, noted that October’s higher reading “doesn’t undermine the long-term trend.”
It is worth noting that due to winter time and the Thanksgiving holiday, the PCE data will be released at 21:30 Beijing time on Wednesday instead of the usual 20:00 on Thursday.
Source link
<p>The post Analysis: U.S. PCE is expected to pick up in October, but anti-inflation trend remains unchanged first appeared on CoinBuzzFeed.</p>