In contrast, the headline PCE index is projected to rise by a slightly softer 0.32% month-on-month, with declines in food and energy prices helping to temper the overall figure. The divergence between headline and core inflation underscores the stickiness of underlying price pressures that the Federal Reserve is monitoring closely.
“Core inflation looks set to remain firm, with price pressures broadening again in the goods sector and some reacceleration in services outside of housing”**
The data is due at 1230 GMT / 0830 US Eastern time:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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