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Morgan Stanley predicts core PCE in July to accelerate to 0.3%
Summary: According to sources, Morgan Stanley forecasts that the core PCE in July will accelerate to 0.3%. Due to weak food and energy inflation, overall PCE is expected to fall to 0.22% month-on-month, with year-on-year forecasts of 2.9% and 2.6% respectively. The transmission effect of July tariffs on commodity prices is relatively mild, but there is ...
According to sources, Morgan Stanley forecasts that the core PCE in July will accelerate to 0.3%. Due to weak food and energy inflation, overall PCE is expected to fall to 0.22% month-on-month, with year-on-year forecasts of 2.9% and 2.6% respectively. The transmission effect of July tariffs on commodity prices is relatively mild, but there is an acceleration in the service sector. Considering strong core retail sales, personal spending is expected to increase by 0.5%.
