Morgan Stanley see the core PCE at 0.16%

Morgan Stanley number crunchers are out with their estimate for core PCE. they see it at 0.16% MoM. For the headline PCE figure they see it at 0.26%.

In other bank comments today:

• Wells Fargo expects Fed to deliver two 25 basis point cuts this year in September and December
• Citgoroup CFO says consumer has proven to be quite resilient. They add that the M&A pipeline is very strong
• JPM Chase Dimon says successor path is up to board and not just about him. He expects to stay around for a few more years . Inflationary pressure continues and bank is creating efficiencies to help offset it.
• Goldman CEO says meaningful shift in confidence, particularly following the results of the US election. They add that the Fed’s current stress testing creates uncertainty

This article was written by Greg Michalowski at www.forexlive.com.