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Showing 11 - 20 of 67 results for "PCE price index"

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... core US CPI inflation is at target (2.1% in the year to April), it's preferred inflation gauge - the headline PCE price index is way off-target (1.5% in March) and had been below 2% since November 2018. It's a royal rightful challenge for global ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... the growth stakes. What's not good is inflation. The Fed's favoured measure of inflation - the headline PCE price index - has eased to just 1.5% in the year to April, down from 1.8% in 2017 and 2018. This is perhaps, what the overnight dive in ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... low unemployment rate (3.8% in March which is a point above a 49-year low) and low inflation - headline and core PCE price index below target at 1.5% and 1.6% in the year to March, respectively. In his Q&A, chair Powell stressed the decision to trim ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... 2019 quarter, not to mention the unemployment rate that remains at near-49 year lows. There was also the headline PCE price index - the Fed's preferred measure of inflation - that increased by 1.5% in the year to March (an improvement from the 1.3% ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... 2012." Which inflation measure? The Fed's target is based on the annual change in the overall, or "headline," PCE price index. As Bullard wrote in a 2012 Regional Economist article: "The FOMC will target the headline inflation rate as opposed to ...

Chief economist update: US economic growth is slowing and accelerating

BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
... expected annualised growth rate and accelerating year-on-year GDP growth measure, inflation remains tame. The PCE price index remains below the Fed's 2% target - annualised, the headline PCE price index slowed to 1.5% from 1.6% and the core picked ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... 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: Thanks for nothing

BENJAMIN ONG  |  WEDNESDAY, 21 NOV 2018
... a policy mistake. More so, because gangbusting growth has not produced an equivalent surge in inflation - the PCE price index (headline and core) remained at around 2% in the year to September. More pertinent, inflation expectations have come down... ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... persistently strong and unquestionably above-potential growth in the US economy, inflation as measured by the PCE price index - the Fed's favoured inflation gauge - has yet to accelerate. On the contrary, the GDP report shows that inflation has instead ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
... 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 previous ...