#PCEInflationWhatch

The PCE inflation report was not far from being a good surprise

The PCE inflation report comes out broadly in line with expectations, whether it concerns total inflation or core inflation, and monthly or annual variations," emphasizes Bastien Drut, head of strategy and economic studies at CPR AM. Before specifying: "The report was not far from a good surprise since the monthly variation of the core PCE is +0.1560%. A third digit after the decimal point a little lower could have modified the expectations of rate cuts by the Fed a little more