Bank of America Survey: If PCE exceeds 3%, it may trigger the Federal Reserve to raise interest rates
In a foreign exchange and interest rate sentiment survey conducted by Bank of America in February, the majority of respondents (58%) believed that if the US PCE inflation annual rate exceeds 3%, it may prompt the Federal Reserve to raise interest rates. The PCE index is the preferred inflation indicator for the Federal Reserve. The survey also showed that 12% of respondents believe that if the 5-year/5-year inflation breakeven (based on market-based inflation expectations) is higher than 3%, it could potentially trigger an increase in interest rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
São Paulo, Brazil to pilot blockchain-based microloans for small rural producers

The BlackRock address received 16,629 ETH and 300 BTC in the past 10 minutes.
Data: BlackRock received BTC and ETH worth $78.15 million from an exchange in the past 10 minutes