News about inflation

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,…

❖ Fed Expected To Keep Rates High 'For As Long As Needed' The Fed is likely to "keep policy rates where they are for as long as needed to bring inflation down," Bank of America economists say in a note. They also expect the Fed to announce the tapering of balance sheet runoff.…

⚠️ FED SWAPS NO LONGER FULLY PRICE IN RATE CUT BEFORE DECEMBER

The Fed's preferred measure of inflation (Core PCE) remained at 2.8% in March, above expectations for a decline to 2.7%. Overall PCE rose to 2.7% (expectations: 2.6%), highest reading since last October. Any remaining chance of June rate cut is gone after this report. pic.twitter.com/CwiMw7W2ER