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Banks raise core PCE forecasts, with estimates reaching 0.30%

  • Wall Street economists raised their August core PCE forecasts after new CPI data.
  • 0.25% is Barclays’ revised estimate, up from 0.22% before CPI.
  • Several banks now forecast core PCE inflation at 0.30% or higher.

Wall Street economists raised their August core PCE (inflation excluding food and energy) forecasts after the latest CPI (consumer-price inflation) data. Estimates are now concentrated in the high 0.20% range, with several banks projecting 0.30% or more. Barclays increased its forecast to 0.25% from 0.22% before the CPI release.

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Banks raise core PCE forecasts, with estimates reaching 0.30% - CoinPost Terminal