Agency: Core PCE inflation is expected to remain stable in December, providing support for the Fed's policy easing

Odaily Planet Daily News With the release of CPI and PPI data this week, economists can now predict the crucial core PCE inflation data for December - the Fed's preferred inflation indicator - with great accuracy. The forecasts that continued to come in this morning indicate that the core PCE price increase in December will be less than 0.2%: early forecasts ranged from 0.16% from Morgan Stanley to 0.19% from Pantheon Macro. These figures will keep the annual rate of core PCE inflation at 2.8%, the same as in November. But the 3-month and 6-month trends will move in the right direction. Sam Tombs, an analyst at Pantheon Macroeconomics, said: "We still believe that core PCE inflation will decline slightly in the next two months, which provides support for the FOMC to relax policy at its meeting at the end of March." (Jinshi)