TechFlow news, on February 14, according to Jinshi Data, in Bank of America's February survey on foreign exchange and interest rate sentiment, a majority of respondents (58%) believe that if the U.S. PCE inflation rate exceeds 3% year-on-year, it could prompt the Federal Reserve to raise interest rates. The PCE index is the Fed's preferred inflation gauge. The survey also showed that 12% of respondents believe that if the 5-year/5-year inflation breakeven rate (a market-based inflation expectation measure) rises above 3%, it could become a trigger for rate hikes.
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