The report followsbad inflation news from Thursdayand likely locks the Fed into holding the line on interest rates through at least the summer unless there is some substantial change in the data. The Commerce Department reported Thursday that PCE in the first quarter accelerated at a 3.4% ...
The disappointing March CPI report won’t provide much reassurance to Fed officials who are still looking for greater confidence that PCE inflation is moving sustainably towards the 2% target. While we continue to expect the onset of the Fed easing cycle in June and believe the Fed is likely t...
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(which is before the presidential election), will arrive soon. Playing their part in April are the usual CPI, PPI and PCE characters, as well as employment reports (employment, claims, availability). Earnings season starts Friday, April 12 (JPMorgan Chase [JPM], State Street [STT] and ...
Forecasts Elsa Lignos Indicators Official cash rate Trend interest rates (10yr average) Bias in interest rate market Core PCE Inflation %Y/Y Jan (Dec) Inflation target Budget balance % GDP 2024 (2023) Budget balance target % GDP GDP Growth % q/q saar Q4 S (Q3) Trend GDP % Purchasing ...
In December’s release, the Committee expected GDP growth of 1.5% for 2024 with core PCE ending the year at 2.4% YoY. On average, economic readings have surprised to the upside versus expectations after disappointing in Q4. While we believe downside surprises for economic data are possible, ...
The FOMC’s economic projections will be important to watch. In December’s release, the Committee expectedGDPgrowth of 1.5% for 2024 with corePCEending the year at 2.4% YoY. On average, economic readings have surprised to the upside versus expectations after disappointing in Q4. ...
higher than that. You can have all these weeks where the dollar is leading the way the whole way. We’ve had a couple of those recently in like a week where there’s nothing happening in oil markets but you see a major CPI or PCE print or major unemployment print in the United ...
https://www.bea.gov/news/2024/personal-income-and-outlays-july-2024 Personal Income and Outlays, July 2024 ‘The PCE price index increased 0.2 percent.’ Those damn BEA officials – lying Marxists I guess. Hey JD – tell them to “go to hell”. ...
On the economic front, markets on Thursday will get the finalconsumer sentimentprint for March. And on Friday the Census Bureau will publish February'sPersonal Consumption Expenditures (PCE)price index data, the Fed's preferred inflation measure. ...