Veronica Clarke of Citi forecasts that annual core PCE inflation will be approximately 3% for most of the current year.

Veronica Clarke of Citi believes the US unemployment rate is currently stuck between 4.3% and 4.4%.

Recent inflation is being driven by AI-related components, specifically a category called "computer software and accessories" which has a large weight in the PCE price index.

Job postings data from Indeed.com, considered a leading indicator, returned to its recent lows as of late May.

Citigroup forecasts that the US unemployment rate will rise during the summer.

Citigroup is forecasting a 60,000 net new jobs number for the upcoming Friday jobs report.

The hiring rate in the JOLTS report has fallen back to recent lows, indicating a weak hiring environment.

Investment in data centers has been the primary driver of US GDP growth over the last two quarters.

Real disposable income in the United States is now negative on a year-over-year basis.

Incoming Federal Reserve Chair Kevin Warsh has discussed using alternative inflation measures, such as trimmed mean PCE.