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Showing 21 - 30 of 60 results for "Core PCE"

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... unemployment rate was lowered to 3.6% for 2018 and 3.5% for 2019(from 3.8 and 3.6%) and inflation, as measured by the core PCE price index, raised to 2% in 2018 (from 1.9%) and 2.1% in 2019 (unchanged). So what's wrong with you people of Wall Street? ...

Moving on up to target

BENJAMIN ONG  |  TUESDAY, 1 MAY 2018
... measure that the 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 ...

Chief economist update: Inflation is heading Fed's way

BENJAMIN ONG  |  FRIDAY, 13 APR 2018
... the less 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 ...

Chief economist update: The uncertainty that is Trump

BENJAMIN ONG  |  WEDNESDAY, 14 MAR 2018
... rate of 0.2% 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 ...

Chief economist update: RBA stuck in slow inflation lane

BENJAMIN ONG  |  THURSDAY, 1 FEB 2018
... hitting a 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 ...

Chief economist update: The spook on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 31 JAN 2018
... inflation and 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 ...

Chief economist update: The angel in the details

BENJAMIN ONG  |  MONDAY, 29 JAN 2018
... turns around, the details of the National Accounts show that the US economy has sufficient momentum behind it. With the core PCE index - the Fed's favoured inflation gauge - only inching up to 1.5% in the year to the December 2017 quarter (from 1.4% ...

The darling buds of inflation

BENJAMIN ONG  |  MONDAY, 15 JAN 2018
... Federal Reserve 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 ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... PCE price inflation was at 1.6% in the year to October and the core at 1.5%. The Fed projects (in its December meeting) core PCE price inflation of 1.9% next year and 2.0% in 2019. This is good news as it implies that the Fed would stay the course towards ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... 2016, inflation hasn't. Latest figures show that the PCE price index has slowed to 1.5% in the year to October while the core PCE eased to 1.6%. These compare with the Fed's projections made in December 2016 of 1.9% and 1.8%, respectively. While inflation's ...