RBC chief economist Frances Donald discusses her April 2026 forecast for U.S. GDP and inflation risks, the health of the labor market and consumer spending patterns contributing to a bifurcated economy on ‘Making Money.’
This story about the March 2026 PCE inflation is developing and will be updated with more details.
The Federal Reserve’s preferred inflation gauge remained stubbornly high in March as consumers continued to face elevated price growth.
The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.7% on a monthly basis in March and is up 3.5% from a year ago. Both figures were in-line with the expectations of economists polled by LSEG.
Core PCE, which excludes volatile measurements of food and energy prices, was up 0.3% from a month ago and increased 3.2% year over year. Both figures were in line with economists’ expectations from the LSEG poll.
