Bowman Expects Core PCE to Rise to 3.3% in October
By: www.chaincatcher.com|11/10/2026 21:06:49
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Prefer us on GoogleFederal Reserve Vice Chair Michelle Bowman stated that inflationary pressures persist and the labor market is stabilizing. She expects the core PCE in October to rise to 3.3% year-on-year, primarily driven by rising energy prices and AI-related demand. Bowman noted that recent declines in stock prices, rising U.S. Treasury yields, and a stronger dollar have tightened financial conditions, necessitating a careful assessment of the costs and benefits of further tightening policies.
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