Uncertainty argues for caution in the last stages of inflation fightPolicy should remain modestly restrictive until there is more confidence inflation will return to target.Expects upcoming PCE will show a further decline, the Fed has made a light of progress.The economy is in a good place.Will take a wait and see approach about our upcoming policy changes impact the economy.The US PCE data will be released on Friday at 8:30 AM. Expectations are for:PCE MoM to rise by 0.3%PCE YoY to fall to 2.5% from 2.6% last monthCore PCE MoM to rise by 0.3%Core PCE YoY to fall to 2.6% from 2.8% last month This article was written by Greg Michalowski at www.forexlive.com.