1315 ET - Better-than-expected CPI data lead Goldman Sachs economists to lower their forecast for how the Fed's preferred PCE measure will move in its March reading, to be published later this month. Goldman now thinks that core PCE inflation likely came in at 0.13% month over month in March, down from a previous estimate of 0.22% before the CPI data. That would put core PCE on track for a 2.6% increase over the 12 months through March, which would be an improvement from 2.8% in February. Forecasters will refine their PCE expectations after Friday's producer-inflation data, which also feed into the PCE calculation. (matt.grossman@wsj.com' @mattgrossman)
(END) Dow Jones Newswires
April 10, 2025 13:16 ET (17:16 GMT)
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