Traditional measures of inflation don’t necessarily tell the full story of what is happening with pricing, especially in housing. That’s where other measures like the harmonized index of consumer prices are instructive … READ MORE >
personal consumption expenditures index
PCE inflation preview: From noise to norm, rate cuts are on the horizon
Following the release of the consumer price index and producer price index this week, we are now forecasting a 0.084% increase in the May personal consumption expenditures index, translating to a 2.6% increase on a year-over-year basis. … READ MORE >
Spending cools more than expected as Fed contemplates rate cuts
American consumers pulled back in April as a sign of elevated interest rates weighing further on overall demand as the pandemic fiscal supports wane. … READ MORE >
American consumers continue to spend despite sticky inflation
Spending remained strong in March on the heels of robust income growth despite sticky inflation, according to Commerce Department released on Friday. … READ MORE >
FOMC preview and the logic of Fed rate cuts in 2024
After nearly two years of raising the federal funds policy rate to restore price stability, the Federal Reserve is poised to all but declare that campaign to be over at its meeting next week. … READ MORE >