Economy

progree

(11,463 posts)

7. Economists surveyed by Dow Jones missed by 0.1 percentage points on the high side on all measures

Reply to mahatmakanejeeves (Original post)

Tue Nov 14, 2023, 11:55 AM

Nov 2023

https://www.democraticunderground.com/10143157774

The consumer price index ... increased 3.2% from a year ago despite being unchanged for the month ... Economists surveyed by Dow Jones had been looking for respective readings of 0.1% and 3.3%. ((so they overestimated by 0.1 percentage points on both measures -Progree))

Excluding volatile food and energy prices, core CPI increased 0.2% and 4%, against the forecast of 0.3% and 4.1%. ((so they overestimated by 0.1 percentage points on both measures -Progree))

Oddly enough, Bloomberg forecast the same 0.3% and 4.1% for CORE CPI as the Dow Jones economists, thus also missing on both measures by 0.1 percentage points on the high side. https://archive.li/l8CZj

I'm skeptical about the huge miss on regular CPI that one person is claiming in a linkless assertion. Edited to add: I can't find Bloomberg's forecast for regular CPI anywhere, except it's likely in a report that only Bloomberg Terminal clients have access to, End Edit

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US Inflation Report to Keep Fed Leaning Toward More Rate Hikes [View all] mahatmakanejeeves Nov 2023 OP

Except the report showed lower than expected numbers. Fiendish Thingy Nov 2023 #1

Exactly. The problem is that Scary Jerry wants Needy Amin back in office peppertree Nov 2023 #3

So many nicknames, so little clarity Fiendish Thingy Nov 2023 #5

Bloomberg Economics wrong again. texasfiddler Nov 2023 #2

True. What they fail (or refuse) to see is that Powell is putting his thumb on the scale for Cheeto peppertree Nov 2023 #4

You simply don't know what you're taking about. Nt Fiendish Thingy Nov 2023 #6

Economists surveyed by Dow Jones missed by 0.1 percentage points on the high side on all measures progree Nov 2023 #7

GRAPHS: month-by month bar graph and rolling 3 months progree Nov 2023 #8

Damn, and this from Bloomberg. elleng Nov 2023 #9

This article went online at midnight, eight and a half hours before the BLS released its report. mahatmakanejeeves Nov 2023 #10

Thanks. They'd better change the damned headline. elleng Nov 2023 #11