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Lifting their median inflation forecast for next year by 0.3 percentage point to 2.5% but only nudging the GDP growth up a tenth to 2.1%, Fed policymakers also raised their policy rate forecasts ...
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
Powell and his colleagues said in December that they expect inflation to remain more elevated than previously thought — predicting it will end 2025 at 2.5% instead of a prior forecast of 2.2%.
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
Then, on Thursday, the "core" Producer Price Index (PPI) revealed prices increased by 3.1% in October, up from 2.8% the month prior and above economist expectations for a 3% increase.
Meanwhile, inflation expectations in the next five to 10 years dropped to a 2.7% rate, “falling below the narrow 2.9-3.1% range for only the second time in the last 26 months.”
Ten-year "breakeven" inflation views embedded in inflation-protected Treasury securities fell to within a whisker of the Fed's 2.0% inflation target last week - their lowest since early 2021.
Weekly calendar Monday. Economic data: No notable economic releases. Earnings: Live Nation (), Monday.com Tuesday. Economic data: New York Fed one-year inflation expectations, October (3.0% ...