Citi expects the core PCE month-on-month rate in March to be 0.3%, higher than the Federal Reserve's target

According to Jinshi reports, Citigroup economists have preliminarily estimated that the month-on-month increase in March's core PCE, combined with today's CPI data, will be 0.3%.

This level is higher than the 2% year-on-year target set by the Federal Reserve, but better than the 0.4% increase in February. The Citigroup team pointed out that they still need to incorporate PPI data to make a more accurate prediction of PCE.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.