The U.S. core PCE price index in February is expected to increase by 0.3% monthly

According to Jinshi, the research team of financial website Fxstreet said that the U.S. core PCE price index is expected to increase by 0.3% month-on-month in February, slightly lower than the 0.4% increase in January. The annual rate of the U.S. core PCE price index is expected to remain unchanged at 2.8% in February, and the annual rate of personal spending will rise to 2.5%. The Federal Reserve's economic forecast in March showed that the core PCE is expected to reach 2.6% by the end of 2024, higher than the 2.4% forecast in December. Oscar Munoz, chief U.S. macro strategist at TD Securities, said that given the continued strong growth in U.S. CPI/PPI data in February, the core PCE monthly rate is expected to grow strongly again, although significantly lower than 0.42% in January and 0.36% of the core CPI in February.