floridafan
Verified User
There is more evidence out Friday morning that the rate of inflation continues to slow.
A closely watched measure of inflation, the full and core personal consumption expenditure deflator (PCE), within the personal income and spending data, advanced at their slowest annual rate since the fall of 2021.
That should be good news for the Federal Reserve, as it watches the so-called core PCE, which excludes food and energy, quite closely.
The data should keep the Fed from raising rates by anything more than a quarter point at its next meeting on Jan. 31-Feb. 1.
Many central banks around the world are beginning to dial back on their own rate hikes of late.
The Bank of Canada recently signaled a pause in its rate-hiking cycle. Meanwhile central banks in Brazil, Poland, the Czech Republic and Indonesia have either halted their rate hikes or indicated that they would soon do so.
https://www.cnbc.com/2023/01/27/ins...ion-and-other-central-banks-are-noticing.html
A closely watched measure of inflation, the full and core personal consumption expenditure deflator (PCE), within the personal income and spending data, advanced at their slowest annual rate since the fall of 2021.
That should be good news for the Federal Reserve, as it watches the so-called core PCE, which excludes food and energy, quite closely.
The data should keep the Fed from raising rates by anything more than a quarter point at its next meeting on Jan. 31-Feb. 1.
Many central banks around the world are beginning to dial back on their own rate hikes of late.
The Bank of Canada recently signaled a pause in its rate-hiking cycle. Meanwhile central banks in Brazil, Poland, the Czech Republic and Indonesia have either halted their rate hikes or indicated that they would soon do so.
https://www.cnbc.com/2023/01/27/ins...ion-and-other-central-banks-are-noticing.html
