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Showing 1 - 10 of 103 results for "PCE"

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... (RBA), Powell said inflation remains well above the Fed's long-term target goal. "Over the 12 months ending in May, total PCE prices rose 3.8%, excluding the volatile food and energy categories, core PCE prices rose 4.6%," he explained. He further mentioned ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... (4.8% from 4.5%) before declining to 3.8% next year and 3.5% in 2023 - both unchanged from its June forecasts. The same with PCE inflation - expected to rise by 4.2% in 2021 (from 3.4% projected in June 2021) before slowing to 2.2% (from 2.1%) in 2022 ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... in March, with the unemployment rate steadily improving from 4.5% this year to 3.8% in 2022 and 3.5% in 2023. The Fed's PCE price inflation - its favoured measure - forecast that while "inflation has increased notably in recent months... and will ...

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
... inflation have increased and are likely to rise somewhat further before moderating. In the near term, 12-month measures of PCE inflation are expected to move above 2 percent... we are also likely to see upward pressure on prices from the rebound in spending ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... that the fed funds rate would remain at 0 - 0.25% until at least the year 2023. This is based on the assumptions that the PCE price index - the central bank's favoured inflation measure - would grow by 2.4% in 2021 (from 1.8% projected in December ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... unemployment rate of 4.5% (from 5.0% predicted three months before). The Fed predicts a temporary acceleration in inflation (the PCE price index) to 2.4% this year, before easing to 2.0% in 2022 and 2.1% in 2023. However, this runs counter to sharply ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... give verity to the Fed chief's prior pronouncements that any uptick in inflation would be temporary. The Fed expects the PCE price index - the central bank's favoured inflation measure - to grow by 2.4% in 2021 (from 1.8% projected in December ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... 2019: Headline CPI inflation, down to 1.81% from 2018's average of 2.43%; Core CPI inflation, up from 2.14% to 2.19%; Core PCE price inflation, down to 1.7% from 2.0%; and the Fed's favoured inflation measure, the headline PCE price inflation ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... it's measured. Data at the end of December 2020 shows headline CPI inflation at 1.3%; core CPI inflation at 1.6%; headline PCE price index at 1.3%; and, core PCE price index at 1.5%. While measured US inflation have certainly firmed from the lows recorded ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... below the 2% target; annual headline CPI inflation was at 1.3% in December, core CPI inflation at 1.6%, the headline and core PCE price deflators stood at 1.1% and 1.4%, respectively, in November. Then again, we can't fault the financial markets ...
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