Another U.S. Inflation Gauge Is Heading Even Higher: Eco Week

Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.

The personal consumption expenditures price index, which the Fed uses for its inflation target, probably jumped 6% in January from a year earlier, according to the median of a…

Continue Reading


News Source: https://www.bloomberg.com/news/articles/2022-02-19/another-u-s-inflation-gauge-is-heading-even-higher-eco-week

Leave a comment

Your email address will not be published.