Progress toward the Fed’s 2% inflation target continues to stall, as the Fed’s favored measure, annual Core PCE, remained at 2.8% for the 12 months ending in March. While this was below 2022’s 5.6% peak, inflationary pressures remain stubborn. All eyes will be on the Fed’s May 1 meeting for clues regarding how this might… Read more
Tags: pce
Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress has been slowing. How will this impact the Fed’s timing for cutting rates… Read more
The Fed’s favored inflation measure, annual Core PCE, fell to 3.7% for the 12 months ending in September. While this is a 2-year low, it’s still well above the Fed’s 2% inflation target. Will this progress be enough for the Fed to pause rate hikes once again at their Nov. 1 meeting?