Employ America’s current corecast is for a 2.86% YoY core PCE print for February. The six-month growth rate of core PCE, which was under 2% in December, should now be over 3% in February. Core services ex-housing inflation will be up on a year-on-year basis versus the previous meeting. Many FOMC members, especially among the moderates in the committee (Daly, Mester, Powell, Waller) have expressed a willingness to look through a hot January potentially plagued by seasonality issues, but two months are probably too much to stomach. “March 2024 FOMC Preview,” employamerica.org. Preston Mui Tags: inflation
Topics:
Angry Bear considers the following as important: inflation, politics, US EConomics
This could be interesting, too:
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
NewDealdemocrat writes JOLTS revisions from Yesterday’s Report
Joel Eissenberg writes No Invading Allies Act
Ken Melvin writes A Developed Taste
Employ America’s current corecast is for a 2.86% YoY core PCE print for February. The six-month growth rate of core PCE, which was under 2% in December, should now be over 3% in February. Core services ex-housing inflation will be up on a year-on-year basis versus the previous meeting. Many FOMC members, especially among the moderates in the committee (Daly, Mester, Powell, Waller) have expressed a willingness to look through a hot January potentially plagued by seasonality issues, but two months are probably too much to stomach. “March 2024 FOMC Preview,” employamerica.org. Preston Mui