PCE Price Index Anticipated to Show Minimal Increase in March

According to BlockBeats, Nick Timiraos, often referred to as the 'Fed's mouthpiece,' has indicated that the Personal Consumption Expenditures (PCE) price index is expected to show a core price increase of only 0.08% for March. This forecast is derived from an analytical model that maps the Consumer Price Index (CPI), Producer Price Index (PPI), and import prices to the PCE. Additionally, the overall prices for March are projected to remain largely unchanged, with a slight decrease of 0.01%.