Wall Street economists raised their August core Personal Consumption Expenditures, or core PCE, forecasts after the latest Consumer Price Index data was released on Sept. 12, according to BlockBeats. Current estimates are clustered in the upper end of the 0.20% range, while several banks are now looking for 0.30% or more.
Among the institutions cited, Barclays lifted its forecast to 0.25% from 0.22% before the CPI print. Goldman Sachs raised its estimate to 0.26% from 0.24%. Nomura increased its projection to 0.278% from 0.245%, and Bank of America moved its forecast to 0.30% from 0.26%.
The update reflects a broad revision in Wall Street expectations following the CPI release, with multiple major firms adjusting their estimates upward on the same day.
Wall Street economists raised their forecasts for August core Personal Consumption Expenditures, or core PCE, after the latest Consumer Price Index data was released on Sept. 12, according to BlockBeats. Current estimates are now concentrated in the upper end of the 0.20% range, and several banks are projecting 0.30% or higher.
Major firms revised estimates upward
Barclays raised its core PCE forecast to 0.25% from 0.22% before the CPI release. Goldman Sachs lifted its estimate to 0.26% from 0.24%. Nomura increased its projection to 0.278% from 0.245%, while Bank of America raised its forecast to 0.30% from 0.26%.
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