Wall Street Raises Core PCE Inflation Forecasts After Hot CPI Data

Wall Street Raises Core PCE Inflation Forecasts After Hot CPI Data. U.S. September consumer price index (CPI) data, which exceeded market expectations, could raise forecasts for core personal consumption expenditures (Core PCE) inflation to at least 0.3% month-on-month, up from the prior market consensus of 0.21%. TD Securities had previously revised its forecast from 0.23

US consumer price index (CPI) data in September, which exceeded market expectations, could lead to forecasts of US core inflation US inflation remained above the Federal Reserve's target for 66 consecutive months US consumer price index (CPI) rose 3.7% in September from a year ago; A figure that is beyond, White House senior adviser: The overall inflation figure was disappointing. The strength and strength of the economy is clearly evident. The strength of the economy is partially reflected in the inflation data. The surface witness of the boom of artificial intelligence marked the sharpest increase in the price of computers in the last two decades. The widespread expansion of artificial intelligence infrastructure has occurred at the same time as the significant increase in the price of consumer technologies and has become a new source of pressure. Wall Street Journal: Netflix lays off 6% of its employees. Netflix was laying off 6% of its workforce Rising gasoline prices accounted for more than half of the jump in US inflation Gasoline prices rose 9.1% in September; Meanwhile, the price of fuel oil, including diesel, jumps by subscribing to the YouTube Times newsletter.

US Consumer Price Index (CPI) data in September, which exceeded market expectations, could raise forecasts for Core PCE inflation to at least 0.3% on a monthly basis; While the previous market consensus was 0.21%.

TD Securities previously raised its forecast to 0.36 percent from 0.23 percent.

The higher than expected price increase in housing, clothing, education, automobile and entertainment sectors is the main reason for revising these estimates.

The main risk: the core PCE inflation index, which is the preferred measure of the Federal Reserve to measure inflation, may be announced much higher than previous forecasts; An issue that can weaken the arguments for continuing to cut interest rates.