Invesco noted that its estimated neutral interest rate is between 3.5% and 4.0%, which is close to the Federal Reserve's current policy range of 3.50% to 3.75%. The institution also stated that inflation has not accelerated, with the revised average core PCE (Personal Consumption Expenditures price index) at 2.2%, indicating that despite overall inflation remaining above the Federal Reserve's target, price pressures are still close to target levels.