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The consumer price index rose 0.3% last month, the largest gain since April after advancing 0.2% for four straight months, the Labor Department's Bureau of Labor Statistics said.
The paper noted: "The publisher of Blue Chip Economic Indicators, a monthly newsletter compiling dozens of professional economic forecasts, holds an annual dinner at which the most accurate forecaster for the previous year is honored. The winning forecaster is also identified in later issues of the newsletter." [4]
The FedWatch tool predicts two 25 basis-point cuts next year, which is significantly less than the five cuts forecast by the Fed itself when it issued its summary of economic projections in September.
The first data the Fed will consider ahead of its next meeting will come out on Wednesday with the release of the October Consumer Price Index (CPI). ... CPI is forecast to have risen 3.3% over ...
For instance, Bank of America forecasts a 0.1% and 0.3% month-over-month gain in September's headline and core CPI, respectively. Those moves shouldn't be enough to impact the Fed's thinking.
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI. Last month's CPI was forecast to come in at 2.7%, according to ...