The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditure (PCE) price index, has risen more than expected in March, indicating persisting inflationary pressures and pushing back expectations of a near-term rate cut by the Fed.
Goldman Sachs economist Jessica Rindels forecasts a decline in core Personal Consumption Expenditure (PCE) Inflation for the remainder of the year, despite recent inflation increases. The firm anticipates a drop from +0.33% in Q1 to +0.18% over the remainder of the year due to factors including slowing consumer electronics and financial services prices, combined with stable trends in housing and healthcare services.
