The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (Core PCE), will be published on Friday, February 24 at 13:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of eight major banks.

US PCE Price Index is foreseen at 4.9%year-on-year in January easing from the previous 5%, while the more relevant Core PCE Price Index is expected to fall a tick to 4.3% YoY. On a monthly basis, Core PCE inflation is forecast to rise by 0.4%, above 0.3% reported in December.