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This time around inflation expectations remain "anchored", meaning the long-term inflation picture is not fluctuating wildly with each fresh piece of economic data, said Evercore ISI in a recent note.
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
The University of Michigan’s latest consumer survey released Friday showed that Americans’ long-run inflation expectations rose to 3.2% this month, the highest level since 2011.
SPF has been used in academic research on forecast accuracy and forecast bias. [4] [7] [8] A 1997 analysis of density forecasts of inflation made in the SPF finds: "The probability of a large negative inflation shock is generally overestimated, and in more recent years the probability of a large shock of either sign is overestimated.
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
We still think the threshold for hikes is 3% core PCE [personal consumption expenditures] inflation and unanchored long-term inflation expectations.” Members of the FOMC are also cooling on the ...
That latest figure wasn’t as unsettling as the year-ahead one: Long-term inflation expectations edged higher this month to 3.3% from January’s 3.2%, remaining “elevated relative to the 2.2-2 ...
We have bumped up our U.S. inflation forecast for next year, while shaving down our U.S. real GDP growth outlook." ... The long-term outlook for the stock market remains favorable, bolstered by ...