TechFlow news, Pimco economist and managing director Tiffany Wilding said U.S. inflation has declined significantly from its 2022 peak, particularly when considering the PCE measure. However, a Federal Reserve rate cut in March may still be premature. Non-market-driven factors have contributed to relatively favorable personal consumption expenditures data, while CPI remains elevated, making the prospect of a March rate cut potentially challenging. This, combined with the economy proving stronger than expected and the central bank's historical tendency to delay rate cuts, suggests that although a March cut remains possible, "waiting a bit longer may be more practical." (Jinshi)
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