ilmscore | Prediction Details
"the pce report due Friday this is the fed's preferred measure of inflation is expected to show price as pressure slowed to just 2.5% from last year that would be down slightly from the 2.6% pace we saw last month if the report does come in as expected or lower it would confirm that Trend that we've seen over the last couple of months and put a July rate cut from the FED back on the table while virtually guaranteeing a cut in September"
By Let's Talk Money! with Joseph Hogue, CFA | July 22, 2024 | Pending
From video
Get in Early! Project 2025 and YOUR Money 00:15:48 - 00:16:12
Interpreted Prediction
The upcoming PCE report is expected to show inflation slowing to 2.5% year-over-year. If this expectation is met or exceeded, it is predicted to confirm the disinflationary trend, making a July 2024 Fed rate cut possible and a September 2024 cut almost certain.

Prediction Details

Topic
Inflation / Federal Reserve

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