{"id":836968,"date":"2026-03-19T21:05:14","date_gmt":"2026-03-19T21:05:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/836968\/"},"modified":"2026-03-19T21:05:14","modified_gmt":"2026-03-19T21:05:14","slug":"us-pce-nowcast-oil-price-impact-wont-be-visible-until-march","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/836968\/","title":{"rendered":"US PCE Nowcast \u2013 Oil price impact won&#8217;t be visible until March"},"content":{"rendered":"<p class=\"oe-margin-remove-top oe-text-medium uk-text-bold\">Our PCE nowcast estimates that the year-over-year headline PCE will hold steady at 2.8%, while core PCE will inch lower to 3%. Our updated estimate shows a 0.4% gain in both headline and core PCE prices in February.<\/p>\n<ul class=\"wp-block-list\">\n<li>We expect higher oil prices to push headline PCE inflation as high as 3.7% in Q2.<\/li>\n<li>Core goods prices are on track to see the largest monthly gain since January 2022, mostly due to a significant rise in computer software and accessory prices, which are counted as goods in the PCE measure.<\/li>\n<li>With most of the tariff pass-through to consumer prices behind us, goods inflation will be driven by other factors like AI demand and high oil prices.<\/li>\n<\/ul>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"924\" height=\"677\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-19-164021.png\" alt=\"\" class=\"wp-image-148150\" style=\"width:500px\"  \/><\/p>\n","protected":false},"excerpt":{"rendered":"Our PCE nowcast estimates that the year-over-year headline PCE will hold steady at 2.8%, while core PCE will&hellip;\n","protected":false},"author":2,"featured_media":836969,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5311],"tags":[239821,239822,66324,49,978,659],"class_list":["post-836968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-inflationoutlook","tag-oilprices","tag-pce","tag-united-states","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116257877414144390","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/836968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=836968"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/836968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/836969"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=836968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=836968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=836968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}