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Showing 1 - 10 of 67 results for "PCE price index"

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... fed funds rate would remain at 0 - 0.25% until at least the year 2023. This is based on the assumptions that the PCE price index - the central bank's favoured inflation measure - would grow by 2.4% in 2021 (from 1.8% projected in December 2020) before ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... of 4.5% (from 5.0% predicted three months before). The Fed predicts a temporary acceleration in inflation (the PCE price index) to 2.4% this year, before easing to 2.0% in 2022 and 2.1% in 2023. However, this runs counter to sharply rising inflation ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... the Fed chief's prior pronouncements that any uptick in inflation would be temporary. The Fed expects the PCE price index - the central bank's favoured inflation measure - to grow by 2.4% in 2021 (from 1.8% projected in December 2020) before ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... measured. Data at the end of December 2020 shows headline CPI inflation at 1.3%; core CPI inflation at 1.6%; headline PCE price index at 1.3%; and, core PCE price index at 1.5%. While measured US inflation have certainly firmed from the lows recorded ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... Wall Street's surge to record highs. However, inflation continues to ease and remains sub-target - headline PCE price index currently at 1.5% from 1.8% at the end of 2018. Not to mention, the present scare du' jour of the corona virus. Never ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... 50-year low of 3.5% (November 2019) but inflation as measured by the Fed's preferred inflation gauge - the PCE price index - remains off-target, registering just 1.5% growth in the year to November. Unlucky perhaps, but this inflation measure had ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... Well, we know the latest about "trade developments". Muted inflation pressure. The Fed's inflation gauge - the PCE price index - has since been updated since the Fed's October 31 assessment and rate cut. The headline PCE inflation eased to 1.3% ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... August; core at 1.5% - it remains closer to target compared with the ECB (0.9%), BOJ (0.3%) and the Fed (1.4% - PCE price index). The weaker sterling exchange rate has helped. So too has the record low unemployment rate - 3.8% in the three months to ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... dollar's downtrend from late 2017 to early 2018). Not surprisingly, the Fed's favoured measure of inflation - the PCE price index - started to move below the 2% inflation target since then - from 2% in October 2018 to 1.9% in November and 1.4% ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... the world is decelerating. Note: the People's Bank of China's inflation target is 3.0%; the Fed uses the PCE price index measure as its inflation gauge (1.4% in the year to June). What is more is that US inflation expectations - the yield differential ...
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