Price Growth Cooling Falls Short of Economist Expectations
- 3 months ago
Price Growth , Cooling Falls Short of , Economist Expectations.
According to the latest Bureau of Labor Statistics data,
inflation in the United States cooled in January,
inching down from 3.4% to 3.1% on an annual basis.
According to the latest Bureau of Labor Statistics data,
inflation in the United States cooled in January,
inching down from 3.4% to 3.1% on an annual basis.
NBC reports that the data also showed
that "core" price growth remained flat
at 3.9% compared with the month prior.
While inflation did come down, economists had
been expecting a more robust slowdown that
would have brought inflation down to 2.9%. .
Economists had also expected "core" price
growth to come down to 3.7%, which it did not.
The final mile towards
the Fed’s 2% target was
always going to be slow,
erratic, and frustrating, Seema Shah, Chief global strategist at
Principal Asset Management, via NBC.
Today’s data is not what markets
or the Fed would have liked to see,
but it’s important not to overreact
and jump to the assumption that an
inflationary resurgence is developing, Seema Shah, Chief global strategist at
Principal Asset Management, via NBC.
Today’s data is not what markets
or the Fed would have liked to see,
but it’s important not to overreact
and jump to the assumption that an
inflationary resurgence is developing, Seema Shah, Chief global strategist at
Principal Asset Management, via NBC.
While some prices fell, others continued to rise.
Data showed that shelter costs climbed
over 6% on an annual basis, which includes
both rent and homeownership.
Economists have now forecast that solid
economic growth will continue to drive price increases. .
We continue to see the path back
to 2-percent inflation as challenging,
absent a more significant loosening
in the labor and housing markets. , Economists with Citibank, via NBC.
NBC reports that the latest data suggests that
the Federal Reserve will not look to start lowering
interest rates until late spring or early summer.
According to the latest Bureau of Labor Statistics data,
inflation in the United States cooled in January,
inching down from 3.4% to 3.1% on an annual basis.
According to the latest Bureau of Labor Statistics data,
inflation in the United States cooled in January,
inching down from 3.4% to 3.1% on an annual basis.
NBC reports that the data also showed
that "core" price growth remained flat
at 3.9% compared with the month prior.
While inflation did come down, economists had
been expecting a more robust slowdown that
would have brought inflation down to 2.9%. .
Economists had also expected "core" price
growth to come down to 3.7%, which it did not.
The final mile towards
the Fed’s 2% target was
always going to be slow,
erratic, and frustrating, Seema Shah, Chief global strategist at
Principal Asset Management, via NBC.
Today’s data is not what markets
or the Fed would have liked to see,
but it’s important not to overreact
and jump to the assumption that an
inflationary resurgence is developing, Seema Shah, Chief global strategist at
Principal Asset Management, via NBC.
Today’s data is not what markets
or the Fed would have liked to see,
but it’s important not to overreact
and jump to the assumption that an
inflationary resurgence is developing, Seema Shah, Chief global strategist at
Principal Asset Management, via NBC.
While some prices fell, others continued to rise.
Data showed that shelter costs climbed
over 6% on an annual basis, which includes
both rent and homeownership.
Economists have now forecast that solid
economic growth will continue to drive price increases. .
We continue to see the path back
to 2-percent inflation as challenging,
absent a more significant loosening
in the labor and housing markets. , Economists with Citibank, via NBC.
NBC reports that the latest data suggests that
the Federal Reserve will not look to start lowering
interest rates until late spring or early summer.