Economist: US Core PCE Will Not Easily Decline

Odaily Planet Daily News After the PCE rose 4.1% year-on-year in May, some economists expect this may be the peak of price increases. However, RSM Chief Economist Joseph Brusuelas stated that the 0.3% increase in core inflation and the 3.4% year-on-year increase may have persistence. Given the clear transmission pressure observed within the PPI index over the past few months, unlike the overall data, these prices will not decline so easily. (Jinshi)