U.S. inflation is already bad enough. It might get worse.
Federal Reserve Chairman Kevin Warsh has vowed the Fed will smite high inflation — but the death blows won’t come fast or easy.
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Inflation measures how fast the general price level rises, eroding purchasing power and shaping every central bank decision. We track consumer and producer price data, wage growth and inflation expectations across major economies — and explain what each print means for rates, bonds and household budgets.
Federal Reserve Chairman Kevin Warsh has vowed the Fed will smite high inflation — but the death blows won’t come fast or easy.
The report comes at a critical juncture for the Federal Reserve as it considers its next move regarding interest rates.
The CPI headline reading is expected to show an increase of 0.3% while the core is forecast to increase 0.2%.
The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.
One policymaker voted to raise the bank's key interest rate to 4.25%.
It was driven by energy inflation, which surged above 20% in October.
The Reserve Bank of Australia's decision was in line with expectations from economists polled by Reuters, and marked its fifth rate increase this year.
The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, according to the Dow Jones consensus.
Pinning down the underlying rate may be harder than Kevin Warsh thinks
Supports that shored up the housing market when borrowing costs last rose are gone
Central banks are raising interest rates again
As tensions flare in the Gulf, triple digits could return in a flash
Fewer than ever believe central bankers will bring it back to target
The pre-war days of $60 crude are not coming back soon
The new Fed chair will struggle to appease his colleagues, the market and Donald Trump all at once
So why aren’t more buying inflation-protected bonds?
Governments’ borrowing costs are being pulled in opposite directions
With luck, the Iran war won’t cause a recession. But the surge in energy prices will push up the cost of living
He says he has a plan. It would need to be very cunning
It’s not about the exchange rate any more
Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.