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Showing 11 - 20 of 103 results for "PCE"

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... expectations for a 31.0% gain. As per the BEA: "The increase in real GDP reflected increases in personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, and residential fixed investment that were ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... supported by the latest "economic projections of Federal Reserve Board members and Federal Reserve Bank presidents, that show PCE price inflation reaching the inflation target of 2% three years from now. The Fed's latest forecasts show GDP growth ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... in 2021 and 3.5% in 2022; the unemployment rate to rise to 9.3% in 2020 and decline to 6.5% in 2021 and 5.5% in 2022; the PCE price inflation would decelerate from 1.4% in 2019 to 0.8% in 2020 before speeding up to 1.6% in 2021 and 1.7% in 2022." As ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... to mention, Wall Street's surge to record highs. However, inflation continues to ease and remains sub-target - headline PCE price index currently at 1.5% from 1.8% at the end of 2018. Not to mention, the present scare du' jour of the corona virus. ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... rate is at a 50-year low of 3.5% (November 2019) but inflation as measured by the Fed's preferred inflation gauge - the PCE price index - remains off-target, registering just 1.5% growth in the year to November. Unlucky perhaps, but this inflation ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... developments." Well, we know the latest about "trade developments". Muted inflation pressure. The Fed's inflation gauge - the PCE price index - has since been updated since the Fed's October 31 assessment and rate cut. The headline PCE inflation ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... the year to August; core at 1.5% - it remains closer to target compared with the ECB (0.9%), BOJ (0.3%) and the Fed (1.4% - PCE price index). The weaker sterling exchange rate has helped. So too has the record low unemployment rate - 3.8% in the three ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... growing at 2.0% in 2020. The unemployment rate is predicted to be at 3.7% (from 3.6% forecast in June) this year and the next. PCE price inflation forecasts were untouched at 1.5% and 1.9% in 2019 and 2020, respectively. These were, more or less, the ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... dollar's downtrend from late 2017 to early 2018). Not surprisingly, the Fed's favoured measure of inflation - the PCE price index - started to move below the 2% inflation target since then - from 2% in October 2018 to 1.9% in November and 1.4% ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... growth around the world is decelerating. Note: the People's Bank of China's inflation target is 3.0%; the Fed uses the PCE price index measure as its inflation gauge (1.4% in the year to June). What is more is that US inflation expectations - ...