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US Inflation Report to Keep Fed Leaning Toward More Rate Hikes [View all]
Economics | Inflation & Prices
US Inflation Report to Keep Fed Leaning Toward More Rate Hikes
• Core inflation may move sideways, Bloomberg Economics says
• Fed will probably keep ‘wait-and-see’ attitude toward hikes
By Matthew Boesler
November 14, 2023 at 12:00 AM EST
A monthly US government report on consumer prices due Tuesday is set to show slower progress toward the Federal Reserve’s 2% inflation target, keeping the central bank biased toward more tightening, according to Bloomberg Economics.
The figures are set to show the consumer price index excluding food and energy rose 0.3% for a second straight month in October, leaving the year-over-year rate unchanged at 4.1%, Bloomberg economists Anna Wong and Stuart Paul said Monday in a preview of the report.
{snip}
US Inflation Report to Keep Fed Leaning Toward More Rate Hikes
• Core inflation may move sideways, Bloomberg Economics says
• Fed will probably keep ‘wait-and-see’ attitude toward hikes
By Matthew Boesler
November 14, 2023 at 12:00 AM EST
A monthly US government report on consumer prices due Tuesday is set to show slower progress toward the Federal Reserve’s 2% inflation target, keeping the central bank biased toward more tightening, according to Bloomberg Economics.
The figures are set to show the consumer price index excluding food and energy rose 0.3% for a second straight month in October, leaving the year-over-year rate unchanged at 4.1%, Bloomberg economists Anna Wong and Stuart Paul said Monday in a preview of the report.
{snip}
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