US Core PCE Rises to 3.1% YoY, Highest Since March 2024; Fed Expected to Hold Rates

Published: Mar 14, 2026 14:58

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The core PCE data released by the US for January showed that its increase reached 3.1% YoY, the highest level since March 2024, while the MoM increase held unchanged at 0.4%, with both readings in line with market expectations. Currently, the market expects the US Fed to keep interest rates unchanged at next week’s monetary policy meeting. However, if inflationary pressures continue to intensify, the window for the US Fed to resume interest rate cuts may be further delayed.

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