5 hours agoFed Hikes Inflation Forecast, by a LotByThe Fed expects inflation to end the year much higher because of oil prices pushed up by the Iran War.Policymakers expect PCE inflation--the headline number--to measure 3.6% year over year by the end of December. In March, they projected 2.7%.The core number, which excludes food and energy costs, is expected to end the year at 3.3% year over year. By comparison, Fed officials had penciled in 2.7%.
Fed Hikes Inflation Forecast, by a Lot
The Fed expects inflation to end the year much higher because of oil prices pushed up by the Iran War. Policymakers expect PCE inflation--the headline number--to measure 3.6% year over year by the end of December. In March, they projected 2.7%. The core number, which excludes food and energy costs
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