ChainCatcher reports, Federal Reserve Chairman Powell stated that the PCE is expected to grow by 2.3% over the 12-month period ending in March, with core PCE projected to increase by 2.6%. The labor market remains solid and overall balanced, currently not exerting pressure on inflation. (Jinshi)
Powell: PCE is expected to increase by 2.3% and core PCE is expected to increase by 2.6% in the 12 months ending in March
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