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Showing 21 - 30 of 67 results for "PCE price index"

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
... 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 31 July-1 ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... inflation, the trend in the CPI is strongly positively correlated with the inflation gauge that it tracks - the PCE price index (headline up to 2.3% in May from 2% in April; core at 2% from 1.8%). But before you cry a more aggressive Fed, it's not ...

Chief economist update: Weak wages a puzzle, could become a problem

BENJAMIN ONG  |  FRIDAY, 13 JUL 2018
... inflation, the trend in the CPI is strongly positively correlated with the inflation gauge that it tracks - the PCE price index (headline up to 2.3% in May from 2% in April; core at 2% from 1.8%). But before you cry a more aggressive Fed, it's not ...

Chief economist update: Draining the swamp

BENJAMIN ONG  |  TUESDAY, 3 JUL 2018
... 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
... 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 1.8% in ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... 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? It could ...

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 ...