Marketmind: Will CPI fit the Fed-on-hold narrative? : vimars

Marketmind: Will CPI fit the Fed-on-hold narrative?

Recent remarks from Fed officials suggest another pause is the most likely outcome of next week's rate-setting meeting, and economists in a Reuters poll concur, with 94 of 97 ticking the "no change" box. Already the estimates paint a complicated picture: annual core inflation is expected to ease to 4.3% from 4.7%, but headline inflation is predicted to rise to 3.6% from 3.2%. Moreover, the labour market remains tight by many measures and the climb in crude oil is a concern.

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