bullish

US: Benign Core PCE Provides Smooth Passage to Small, Steady Rate Cuts

214 Views02 Oct 2024 03:48
​Core PCE inflation at 2.7%YoY in Aug'24 is too high for another 50bp cut. A Goldilocks economy needs Goldilocks monetary easing: not too hot, not too cold to contain MoM core PCE gains of <0.2%MoM.
What is covered in the Full Insight:
  • Introduction
  • Current Inflation Trends
  • Monetary Policy and Base Money
  • Impact on Rate Cuts
  • Economic Outlook
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