Economist: U.S. Core PCE Won't Fall Easily
Svmuu News: Following a 4.1% year-over-year increase in the PCE index in May, some economists expect this may mark the peak of price increases. However, Joseph Brusuelas, chief economist at RSM, said that the 0.3% increase in core inflation—compared with a 3.4% year-over-year rise—may prove persistent. Given the evident pass-through pressures within the PPI index over the past few months, these prices are unlikely to ease as readily as the overall figures. (Jin Shi)
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