Economist: Core PCE is expected to cool down this week, and the Federal Reserve is expected to cut interest rates by 25 basis points at its June meeting

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ODAILY
01-31
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Odaily reports that Ameriprise Financial Chief Economist Russell Price expects overall PCE to rise 0.3% month-over-month in December, with core PCE rising 0.2%, in line with market consensus. Economists generally expect core PCE to continue declining in the coming months, although sticky service prices will continue to exert upward pressure on the index. Russell Price added in his analysis: "Pausing is a very rational and reasonable view, and the Fed is expected to cut rates by 25 basis points at its June meeting." (JinShi)

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