(Bloomberg) US consumer-price data in the coming week, arriving on the heels of surprisingly strong jobs numbers, is projected to show a glacial slowdown in underlying inflation that explains the Federal Reserve’s cautious approach to lowering interest rates.Most Read from BloombergSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyMark Zuckerberg’s Wealth Exceeds Elon Musk’s for the First Time Since 2020RBC Fires CFO Ahn A
Glacial Inflation Slowdown Set to Back Fed Rate-Cut Caution bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rate too soon. The core personal consumption expenditures price index, which excludes food and energy costs, is seen rising 0.3% on the heels of its biggest monthly increase in…
(Bloomberg) The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rates too soon.Most Read from BloombergHarassment and Drugs Plagued a Citigroup Division for YearsRussia Mourns 133 Killed in Deadliest Moscow Attack in DecadesGucci’s China Shock Reverberates Across the Luxury LandscapePutin’s Ukraine Plan at Heart of Response to Moscow AttackHong Kong Reports Its Highest
US Inflation Gauge Seen Bolstering Fed Patience on Rates financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.