Economists: Core PCE is expected to cool down this week, and a 25 basis point rate cut is anticipated at the Federal Reserve's June meeting

ChainCatcher news, according to Jinshi reports, Ameriprise Financial Chief Economist Russell Price expects a month-on-month increase of 0.3% in overall PCE for December, and a month-on-month increase of 0.2% in core PCE, which is in line with market expectations.

Economists generally expect core PCE to continue to decline in the coming months, although sticky service prices still pose upward pressure on the index. Russell Price added in his analysis: "Maintaining a pause is a very rational and reasonable viewpoint, and it is expected that the Federal Reserve will cut interest rates by 25 basis points at the June meeting."