3.9pc rise in May CPI below market forecastRupa Damodaran
the market had periodically discounted a more dovish policy only to subsequently re-converge with the Federal Reserve. In December 2023, the median Fed forecast was for three cuts
measurably higher than the Fed’s stated goal of 2.0% inflation.Core CPI also rose +0.3% MoM, and is now up +3.6% YoY.Producer Prices rose a higher than expected +0.5% on the month, but are only up 2.2% YoY (Core PPI was +0.5% MoM and +2.4% YoY).Consistent with these moves, ...
interest rate to 4.5% as expected today. This was despite the Monetary Policy Committee (MPC) now expecting CPI inflation to pick-up to 3.75% during the summer of 2025, mainly due to higher energy prices. However, the most striking feature of the MPC’s new forecast was the halving in ...
According to economists polled by Dow Jones, CPI is expected to have increased 0.4% month over month and 3.4% year on year for April. Core CPI, which strips out food and energy prices, is forecast to have grown 0.3% month on month and 3.6% year on year. ...
Prime Rate Forecast Latest Prime Rate Forecast 73.8% FOMC target range for the benchmark fed funds rate current Prime Rate 4.00% NB:U.S. Prime Rate= (The Fed Funds Target Rate+ 3) === Non-Accelerating Inflation Rate of Unemployment (NAIRU): a level of unemployment below which inflation ...
This is interesting in that it contrasts with the underlying robust state of theUS economy, which was growing at a solid 2.7% year over year (y/y) pace in Q3 2024 while the unemployment rate remains at a historically low 4.1% as of October. Meanwhile, Consumer Price Index (CPI) in...
The bank governor revealed that the central forecast is for inflation to decline this year and next to be around 3 percent in mid-2025. Meanwhile, Lowe noted that growth in the Australian economy has slowed, with GDP increasing by 0.5 percent in the December quarter and 2.7 percent over the...
and expanded restrictions into other regions are expected to send China into a transitory recession in Q2. We are keeping our growth forecast below consensus at 3.5% for 2022, and expect a rebound in 2023 to 5.4%. CPI inflation is expected to hold below 3%, considering the drag from stringe...
Peter Cardillo:Earnings, and of course, from a macro standpoint, next week marks the start of a new month which brings with it several key economic indicators. We will see the latest unemployment numbers followed by the Consumer Price Index (CPI) and the Producer Price Index (PPI). Then, ...