Fed’s Preferred Inflation Gauge Expected to Show Faster Price Growth

Macro Impact 4
โดย Bloomberg·Read original
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The Federal Reserve’s preferred inflation measure, the personal consumption expenditures price index, is forecast to show acceleration on both a monthly and year-over-year basis in May when it is released Thursday. That report will cap a month of bad inflation data after previous releases showed how the impact of the energy shock was spreading across the economy. New Fed Chairman Kevin Warsh refused to offer clues about his own outlook for prices or interest rates at his first policy meeting, putting a premium on commentary from colleagues such as New York Fed President John Williams and Chicago Fed President Austan Goolsbee, who both speak on June 25. Bloomberg Economics noted that a hot PCE reading will likely reinforce the hawkish message from the June FOMC meeting, where half the committee leaned toward a tighter policy path.

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