U.S. PCE Inflation Forecasted to Decline Through 2026

According to Jin10, a Reuters survey indicates that U.S. Personal Consumption Expenditures (PCE) inflation is projected to average 3.7% in the second quarter, 3.4% in the third quarter, and 3.2% in the fourth quarter of 2026. These figures represent an upward revision from a late March survey, which forecasted PCE inflation at 3.3%, 3.1%, and 2.9% for the respective quarters. The survey reflects expectations of a gradual decline in inflation rates as the year progresses.