Will the Fed’s preferred inflation measure edge higher?

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Financial Times 1d ago

Will the Fed’s preferred inflation measure edge higher? - Financial Times

Quick Summary:

Economists polled by LSEG forecast the headline rate will drop to 2.3 per cent in August when figures are published on Thursday, down from 2.6 per cent in July.

Traders in the futures market are betting on at least a quarter-point rate cut, and are pricing in a roughly one in three possibility the Fed may cut by as much as 0.5 percentage points.“A little bit of a wiggle on inflation is not as important as what is going on in the labour market.

The core measure, which strips out the volatile food and energy sectors and is most closely watched by the Fed, is expected to be 2.6 per cent, a step up from the 2.5 per cent rate in June.