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Nick Timiraos: Forecast shows US December PCE inflation rose 0.37% month-on-month
Mars Finance reports that, according to Jintou, “Federal Reserve spokesperson” Nick Timiraos predicts that the U.S. December PCE inflation (both core and overall) will increase by 0.37% month-over-month (annualized rate of 4.5%). This will raise the core PCE index annual rate to 3%, the highest since February 2025. The overall PCE annual rate is expected to be 2.9%, the highest since March 2024.