News about interest rates, Fed

The Fed's preferred measure of inflation (Core PCE) moved down to 2.75% in April, the lowest since March 2021. The Fed Funds Rate is now 2.5% above Core PCE, the most restrictive monetary policy we've seen since September 2007. bilello.blog/newsletter pic.twitter.com/GIRD8sJXWk

The NY Fed's measure of inflation persistence (the "multivariate core trend" rate) saw a big upward revision in Q1 This series has been prone to some large revisions Jan is now +3.3% (vs prev 3%) Feb: +3.1% (vs 2.7%) Mar: +2.9 (vs 2.6%) April was 2.8% www.newyorkfed.org/research/policy/mct#--:mct-inflation:trend-inflation pic.twitter.com/9nCCsqNY9q

The @NewYorkFed Multivariate Core Trend of PCE #inflation eased to 2.8% in April (from upwardly revised 2.9% in March). Further evidence that disinflation trend is still in place after some temp heat in early 2024 www.newyorkfed.org/research/policy/mct#--:mct-inflation:trend-inflation pic.twitter.com/2nS31u66zs

Fed: " The economy is so hot we can't cut rates" Oh. pic.twitter.com/EXmRYXklcU