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Showing 11 - 20 of 33 results for "core PCE price index"

Moving on up to target

BENJAMIN ONG  |  TUESDAY, 1 MAY 2018
... US Federal Reserve tracks in assessing monetary policy direction is just a pip short of its 2% target. The core PCE price index increased by 1.9% in the year to March, a significant increase from the previous month's 1.6% gain and is the fastest inflation ...

Chief economist update: Inflation is heading Fed's way

BENJAMIN ONG  |  FRIDAY, 13 APR 2018
... volatile core inflation (ex- food and energy) rate moved up to 2.1% from 1.8%. However, note that it is the core PCE price index that is tied to the Fed's 2% target. The latest stats show it had been consistently accelerating since August last year but ...

Chief economist update: The uncertainty that is Trump

BENJAMIN ONG  |  WEDNESDAY, 14 MAR 2018
... in February from 0.3% in January, resulting in a steady annual rate of 1.8%. Note that the Fed tracks the core PCE price index for its inflation measure. It remained unchanged at 1.5% in the year to January from the previous month. Its positive correlation ...

Chief economist update: RBA stuck in slow inflation lane

BENJAMIN ONG  |  THURSDAY, 1 FEB 2018
... high of 2.1% in January and dropping to a low of 1.65% mid-year before finishing the year at 1.97%. With the core PCE price index still below target - clocked at 1.5% in the year to December - the Fed has no reason to change its forward guidance: "The ...

Chief economist update: The spook on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 31 JAN 2018
... inflation expectations are headed. Just last night we learned that the Fed's favoured inflation measure - the core PCE price index - remained unchanged at 1.5% in the year to December from the previous month (the headline PCE price index dipped to 1.7% ...

The darling buds of inflation

BENJAMIN ONG  |  MONDAY, 15 JAN 2018
... but given current indications... perhaps, not yet. Although it tracks the core CPI measure's direction, the core PCE price index - the Fed's favoured inflation measure - remains below (1.5% in the year to November) the US central bank's 2.0% inflation ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... rate of 3.9% in the following two years (down from 4.1% in the September projection). The Fed maintained its core PCE price index at 1.9% next year and 2.0% in 2019. There was no mention of Trump's tax plan in the FOMC statement but in the transcript ...

America is full

BENJAMIN ONG  |  MONDAY, 11 DEC 2017
... in the economy can't really gain traction unless it receives a tailwind from stronger wages growth. The US core PCE price index - the Fed's favoured inflation measure - for instance, has eased to 1.5% in the year to October from 1.9% when 2017 started. ...

Fed does the thinkable

BENJAMIN ONG  |  THURSDAY, 21 SEP 2017
... increase in the fed funds rate by less (to 2.1%) in 2018. Latest data shows that, inflation - as measured by the core PCE price index - was only 1.4% in the year to July. If inflation remains at this low rate, the Taylor model suggests a fed funds rate ...

Not so happy EOFY for the All Ords

BENJAMIN ONG  |  MONDAY, 3 JUL 2017
... developments". Besides inflation remains low and the recent updates show that prices are easing again. The core PCE price index - the Fed's favoured inflation gauge - slowed to an annual rate of 1.4% in May from 1.5% in the previous month, the fifth ...