2023-01-25 15:27:31

Key US Inflation Gauge Seen Slowing But Leaving Fed Wanting More

Logo Investing.com
By Bloomberg

(Bloomberg) -- The Federal Reserves preferred inflation gauges probably cooled in December to the slowest paces in more than a year, reinforcing a step down in the pace of interest-rate hikes but likely not enough for officials to discuss a pause.

Economists project a 5% annual increase in the personal consumption expenditures price index due Friday, and a 4.4% rise in the core metric, which excludes food and energy. Both would be the smallest advances since late 2021, and estimates for monthly changes also point to moderation compared with earlier last year.

Such figures would be consistent with forecasts that the Fed will further dial back the pace of interest-rate hikes to a quarter-point move at the conclusion of their two-day meeting on Feb. 1. But inflation remains well above their 2% goal and a still-tight labor market risks keeping it elevated.

Their reaction function seems to have baked in slowing down interest-rate increases to a pace of 25 basis points per meeting going forward, said Blerina Uruci, chief US economist at T. Rowe Price Associates. The PCE number should not change that path much especially as it is coming at the back of a few months of cooler inflation data.

Continue read on investing.com

Logo Investing.com
EconomyBy Ambar Warrick/Investing Com2023-01-25 00:52:38
By Ambar Warrick Investing.com--Australian consumer price index inflation grew more than in December, data showed on Wednesday, pointing to increased...

Business / FinanceBy Melissa Repko2023-01-25 10:00:01
Key Points Slowing inflation hasn't brought relief for consumers yet because prices are still well above where they were a year ago. Commodity and freight...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 08:55:18
Singapore consumer price inflation eased at the end of the year to the lowest level in seven months, largely due to a moderation in private transport costs,...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 00:36:11
Consumer prices in Australia were up 7.8 percent on year in the fourth quarter of 2022, the Australian Bureau of Statistics said on Wednesday - exceeding...

Logo Investing.com
EconomyBy Ambar Warrick/Investing Com2023-01-25 00:22:01
By Ambar Warrick Investing.com--New Zealands consumer price index remained pinned to a 32-year high in the fourth quarter, heralding continued pressure on...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 05:01:15
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE:...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 09:09:08
The Australian dollar moved higher against its major counterparts during the Asian session on Wednesday, as the nation's inflation accelerated more than...

EconomyBy Jihye Lee2023-01-25 01:59:09
Key Points Inflation in Australia rose to a new 32-year high of 7.8% in the final quarter of the fiscal year of 2022. The "trimmed mean annual inflation,"...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-24 22:30:06
Australia will on Wednesday release Q4 numbers for consumer prices, highlighting a busy day for Asia-Pacific economic activity. Overall inflation is expected...

Logo Nasdaq
TechnologyBy Zacks2023-01-24 21:24:00
Recent data released from the BLS has indicated that inflation is finally beginning to slow. This is some of the most bullish news the market has received in...

Logo PR Newswire
TechnologyPress Release2023-01-25 16:25:00
TORONTO, Jan. 25, 2023 /CNW/ - The Bank of Canada's decision to impose a quarter-point interest rate hike willfully ignores inflation data, unfairly...

PoliticsBy Christopher Rugaber And Stan Choe2023-01-24 16:14:51
WASHINGTON Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Feds drive to quash inflation by hiking interest...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-24 21:00:12
Image source: Getty Images From the start of 2022 through the end of it, consumers had no choice but to grapple with soaring inflation. As a result, many...

Logo GlobeNewswire
PoliticsPress Release2023-01-25 15:19:00
Bruske: With inflation moderating, Bank of Canada has no excuse to further burden Canadians OTTAWA, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Canadas unions are...

Business / Finance2023-01-25 09:37:41
The war on inflation may be far from over, but the economy has reached a key, little-noticed milestone: Workers wage gains are finally outpacing the rise in...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 20:07:44
(RTTNews) - After showing a lack of direction early in the session, treasuries showed a notable move to the upside over the course of the trading day on...

Logo Nasdaq
TechnologyBy Zacks2023-01-25 12:00:00
For investors seeking momentum, Treasury Floating Rate Bond iShares ETF TFLO is probably on radar. The fund just hit a 52-week high, and is up 0.52% from its...

Logo CBC
PoliticsBy John Paul Tasker2023-01-24 19:47:14
On the second day of the federal cabinet retreat, Prime Minister Justin Trudeau and his ministers heard from a trio of economists who came bearing grim news...

Logo The Guardian
PoliticsBy Phillip Inman2023-01-25 12:42:03
The governments economic forecaster has cut its prediction for UK growth this year, limiting the Treasurys spending firepower in the forthcoming budget,...

Business / FinanceBy Diana Olick2023-01-25 12:00:01
Key Points Mortgage interest rates fell for the third straight week, while mortgage demand rose again. Total application volume increased 7% last week...