The investment bank also expects headline PCE inflation to have increased 0.38% month-over-month, translating to an annual rise of 2.51%. Additionally, they note that residual seasonality effects in core PCE components will likely shift from a 5 basis point drag in December to a 4 basis point boost in January.
As for the Federal Open Market Committee (FOMC), Goldman Sachs says the Fed will be on hold at its next meeting. Which seems obvious.
The Personal Consumption Expenditures (PCE) price index data for January 2025 is scheduled for release on February 28, 2025.
As of December 2024, the PCE price index increased by 2.6% year-over-year, while the core PCE price index, which excludes food and energy prices, rose by 2.8%.
Analysts and policymakers will closely monitor the January 2025 data to assess the trajectory of inflation and its implications for monetary policy decisions.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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