TechFlow news, January 31 — According to Jinshi News, Ameriprise Financial Chief Economist Russell Price expects overall PCE rose 0.3% month-over-month in December, while core PCE increased 0.2% MoM, in line with market consensus.
Economists broadly anticipate that core PCE will continue to decline over the coming months, although sticky service prices remain an upward pressure on the index. Russell Price added: "Holding steady is a very rational and reasonable stance. We expect the Fed to cut rates by 25 basis points at the June meeting."
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