Citigroup expects the core PCE monthly rate for March to be 0.3%, above the Federal Reserve's target

2026-04-10 13:40:43

Mars Finance reports that, according to Jintiao, Citigroup economists, in conjunction with today’s CPI data, initially estimate that the March core PCE month-over-month increase will be 0.3%.
This level is higher than the 2% year-over-year target set by the Federal Reserve but better than the 0.4% increase in February.
The Citigroup team noted that they still need to incorporate PPI data to make a more accurate forecast for PCE.

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