Citi expects the core PCE month-on-month rate in March to be 0.3%, higher than the Federal Reserve's target

According to Jinshi reports, Citigroup economists, in conjunction with today's CPI data, initially estimate that the month-on-month increase in March's core PCE will be 0.3%. This level is higher than the level corresponding to the Federal Reserve's 2% year-on-year target, but better than the 0.4% increase in February. The Citigroup team pointed out that they also need to consider PPI data to make a more accurate prediction of PCE.