Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 103 results for "PCE"

Chief economist update: Draining the swamp

BENJAMIN ONG  |  TUESDAY, 3 JUL 2018
... PMI 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
... account 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 ...

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 ...