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Fed announces first rate rise since 2018 amid surging inflation
By Colby E. Smith, Kate Duguid & Eric Platt
Powell Treads Tricky Path in Saying Wages Are Rising Too Fast
By Rich Miller
Everyday Economics: What is the Fed, and what role does it play in the US economy?
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Formerly TwitterMohamed A. El-Erian
elerianm
The US PCE numbers were broadly as expected, while personal spending was notably higher than expected.
Per the @CNBC table below, the #FederalReserve's favorite inflation measures came in at ...
0.3% month-on-month for headline, taking the annual measure to 2.5%; and
0.3%… pic.twitter.com/DdmpEbqapB
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Mohamed A. El-Erian
elerianm
The link to Fed Governor Waller’s speech on the economic outlook:
www.federalreserve.gov/newsevents/speech/waller20240327a.htm
Markets will undoubtedly focus on his pushback against early rate cuts as progress in the battle against inflation “may have stalled” (see attachments please).
This speech will increase the… pic.twitter.com/Rd6WJ7yc5A
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Jason Furman
jasonfurman
For the 3rd time in the last 9 months core PCE inflation came in well above the Fed's target (albeit a touch below expectations). Annual rates:
1 month: 3.2%
3 months: 3.5%
6 months: 2.9%
12 months: 2.8% pic.twitter.com/MtVvWwnLOq
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Holger Zschaepitz
Schuldensuehner
February US PCE inflation meets expectations, likely keeping unchanged the prospect of an interest-rate cut by the Fed in June. The 12-month core reading was 2.8%. Bonds will breathe a sigh of relief when trading reopens next week as core PCE readings in line with expectations… pic.twitter.com/lXPxUvIsa6
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All coverage
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