US Core PCE: Banks Preview, inflation still too hot

From fxstreet.com

The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (Core PCE), will be released by the US Bureau of Economic Analysis on Friday, March 31 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of seven major banks. Core PCE is expected to stay at 4.7% year-on-year while rising 0.4% in February (MoM). The headline is seen increasing by 0.2% in February, and a slowdown in the annual rate from 5.4% to 5.3%. Deutsche Bank: “We see a +0.36% advance for the core PCE in February and MoM declines for both income (-0.1% vs +0.6% in January) ... (full story)