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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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barrons.com
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…
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afr.com
Nearly half of Fed policymakers see 2026 rate hike in the cards
The Federal Reserve entered the Kevin Warsh era by holding rates steady in a unanimous vote amid red-hot US inflation but officials see higher rates coming.