---
title: "First Plus Asset Management sees Fed holding rates as core PCE inflation hits 3.4%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292055539.md"
description: "First Plus Asset Management notes resilient US growth and sticky core PCE inflation at 3.4%, keeping the Fed in wait-and-see mode. June nonfarm payrolls missed expectations at 57,000, while unemployment fell to 4.2%. El Niño risks may boost food prices later. Meanwhile, the RBA held rates at 4.35% as trimmed-mean inflation rose to 3.6%."
datetime: "2026-07-08T10:46:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292055539.md)
  - [en](https://longbridge.com/en/news/292055539.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292055539.md)
---

# First Plus Asset Management sees Fed holding rates as core PCE inflation hits 3.4%

-   First Plus Asset Management flagged resilient US growth alongside sticky underlying inflation, keeping the Federal Reserve in wait-and-see mode. \* Core PCE rose 3.4% year-over-year, the highest since October 2023, despite easing headline pressure from lower oil prices. \* June nonfarm payrolls increased 57,000 versus 113,000 expected; unemployment slipped to 4.2% on lower participation. \* El Niño risk could lift food and commodity prices in the second half, partly offsetting disinflation from energy. \* RBA held the cash rate at 4.35% in June; trimmed-mean inflation firmed to 3.6% as dwelling values fell 0.4% month-over-month. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Plus Asset Management Pte Ltd published the original content used to generate this news brief on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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