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(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
Here's a look ahead at what might come along next year.
MARKET WRAPS Watch For: ECOFIN Budget meeting of EU finance ministers; U.K. GDP, trade, business investment; Industrial production data for U.K. and Italy; trading updates from Allianz,... -November 10, 2023 at 12:16 am EST - MarketScreener
Even if Fed Stays on Hold, Jerome Powell Is Keeping His Options Open The Fed chair said it was premature for the central bank to declare a conclusive end to its historic interest-rate increases...