THE Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further. The core personal consumption expenditures price index—which excludes often-volatile food and energy costs—probably rose 2.
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The decline will probably come from categories that were relatively tame in separate wholesale inflation data that feeds through to the PCE, according to Bloomberg Economics. But components that registered strong increases in the consumer price index will keep the PCE running above the Fed’s 2 percent target.
Meanwhile, investors will continue to watch Trump’s efforts on tariffs and Elon Musk’s push to slash the size of the federal government. While many economists expect the BOK to ease in a bid to prop up domestic demand and get ahead of any tariff impact on exports, Governor Rhee Chang-yong injected uncertainty earlier this month by saying it was by no means a done deal.The following day, the Bank of Thailand is seen holding its benchmark at 2.25 percent, though Bloomberg Economics expects pressure to continue for another cut later this year.
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