Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Nomura Securities: U.S. core PCE is expected to increase by 0.276% month-on-month in March

Nomura Securities: U.S. core PCE is expected to increase by 0.276% month-on-month in March

Bitget2024/04/21 11:16

According to Jinshi report, Nomura Securities pointed out that based on CPI and PPI data, U.S. core PCE is expected to increase by 0.276% month-on-month in March, a slight acceleration from 0.261% in February. Housing services inflation remained stable, with prices for some services, such as car repair services and legal services, rising strongly during the month. Forecasts show that the annual rate of the U.S. core PCE price index in March was 2.7% (2.722%), down 0.1 percentage point from 2.8% last month. However, Fed Chairman Powell previously mentioned that the Fed staff's forecast for March is for 2.8% year-over-year growth, which would imply the Fed's preferred monthly core PCE inflation of 0.31% or higher, which brings some upside to our forecast. risk.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
VanEck: Institutional Accumulation of ETH Poses Dilution Risk for Unstaked Holders
2
This week, the cumulative net inflow of US Ethereum spot ETFs reached $1.2959 billion.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$121,708.31
-0.65%
Ethereum
Ethereum
ETH
$4,458.1
-1.13%
Tether USDt
Tether USDt
USDT
$1
+0.01%
XRP
XRP
XRP
$2.94
-3.17%
BNB
BNB
BNB
$1,145.4
-1.81%
Solana
Solana
SOL
$226.22
-2.93%
USDC
USDC
USDC
$0.9998
+0.02%
Dogecoin
Dogecoin
DOGE
$0.2488
-4.04%
TRON
TRON
TRX
$0.3399
-1.03%
Cardano
Cardano
ADA
$0.8366
-3.91%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter