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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. ...
The Blue Chip Economic Indicators survey provides forecasts for this year and next from each panel member, plus and average, or consensus, of their forecasts for each of these variables associated with the economy of the United States: [1] Real GDP; GDP price index; Nominal GDP; Consumer price index; Industrial production; Real disposable ...
Investors can expect fresh data on inflation, retail sales, and consumer sentiment in the coming week.
For instance, Bank of America forecasts a 0.1% and 0.3% month-over-month gain in September's headline and core CPI, respectively. Those moves shouldn't be enough to impact the Fed's thinking.
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
The CPI still hasn't hit 2%, and gross domestic product (GDP) is still growing at an annualized rate of 2.8%, which is way above its average of 2.3% over the last 10 years. Those might be two ...
The Bureau of Labor Statistics released its January Consumer Price Index (CPI) at 8:30 a.m. ET on Tuesday. ... Forecasts called for a 5.5% annual increase and 0.4% monthly rise in the core CPI ...