Posts on X
Formerly TwitterMohamed A. El-Erian
elerianm
Looking forward to the #FederalReserve's policy meeting next week:
Not just the recent elevated readings of actual #inflation will make officials a little uncomfortable about the dovish December pivot.
Forward expectations have also moved up. At 3.2% for the next year,…
Posted on X
Mohamed A. El-Erian
elerianm
From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.”
#economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr
Posted on X
Jason Furman
jasonfurman
Core PCE inflation over the last 3 months was a 4.4% annual rate. That is higher than any time from Nov 1990 to Mar 2021.
Yes, there were special factors, seasonal issues, etc. But there were also special factors & seasonal issues at various times in those previous 30 years.
Posted on X
Jason Furman
jasonfurman
Core PCE inflation, annualized rates:
1 month: 3.9%
3 months: 4.4%
6 months: 3.0%
12 months: 2.8% pic.twitter.com/fnoRWNhW6W
Posted on X
All coverage
Inflation Is Slowing, Good News for American Consumers and the Fed (Published 2023)
By Jeanna Smialek
US inflation eases grip on economy, falling for a 6th month
By Christopher Rugaber
Prices fell in December as inflation continues to moderate
By Alicia Wallace
Inflation is expected to have declined in December, but it may not be enough to stop the Fed
By Patti Domm
December Inflation Report: Consumer Price Gains Continue to Cool (Published 2023)
By Jeanna Smialek, Jim Tankersley & Joe Rennison