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Showing 11 - 20 of 60 results for "Core PCE"

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... unemployment rate stood at 4% in January, a very low level by historical standards, and job openings remain abundant. "Core PCE inflation, which excludes food and energy prices and tends to be a better indicator of future inflation, is estimated at 1.9%" ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... the increase in the participation rate to 63.1% from 62.9%. On inflation, the Fed's favoured inflation measure - the core PCE price index - stood at 1.9% in the year to November whereas the core CPI inflation stood at 2.2% over the same month. The positive ...

Chief economist update: Fed fail

BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
... at nearly half a century low of 3.7%, inflation, instead of heading higher has moved in the opposite direction - the core PCE price inflation has eased to an annual rate of 1.8% in October from 2% in July; the core CPI inflation rate has slowed to 2.2% ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... weakened. The PCE price index gained 1.6% in the year to the September quarter, down from 2% in the June quarter. The core PCE price index - ex food and energy - also eased to 1.6% from 2.1%. Both are lower than market expectations for gains of 2% and ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
... Fed's 2% target). Speaking of which, consensus expectations on the Fed's preferred measure of inflation - the core PCE price index - is for an easing to 1.8% in the September quarter from 2.1% in the June quarter. These suggest that the Fed's ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... unemployment rate will drop further from 3.7% this year to 3.5% in 2019 and 2020 before inching back up to 3.7% in 2021. Core PCE inflation is expected to rise to 2.1% over the next three years from 2.0% this year. In his press statement, Fed chair Jerome ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
... in four years - with an unemployment rate of 4% - near 18-year lows and inflation that's inches away from target - core PCE price inflation was at 1.9% in June. The US economy has withstood the tariff levied by China on US$34 billion of US imports ...

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
... despite the solid strength in the US economy, inflation remains tame. The Fed's favoured measure of inflation - the core PCE price index - remained steady at 1.9% in the June quarter. Although it's not expected to move on interest rates at its ...

Chief economist update: Draining the swamp

BENJAMIN ONG  |  TUESDAY, 3 JUL 2018
... PMI increased to a four-month high of 60.2 in June from 58.7 in May - and together with inflation now at target - the core PCE price index rose to 2.0% in May from 1.8% - are already inviting speculations of a more aggressive Fed. With most other developed ...

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
... account released last Friday showed that US inflation as measured by the US Federal Reserve's favoured gauge - the core PCE price index - is now smack bang where the Fed wants it, rising by 2% in the year to May (the fastest since April 2012) from ...