With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance.
The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had thought.
Two-year inflation breakevens, or the difference between Treasury yields and Treasury Inflation-Protected Securities, have surged in recent days.
"But I think the labor market is a lot more fragile than people think.
A report Wednesday confirmed that economic growth was solid to close out 2023, with fourth-quarter GDP accelerating at a 3.2% annualized pace adjusted for seasonal factors and inflation.
Persons:
Mark Zandi, Zandi, shouldn't, we're, it's, —, Susan Collins, Collins, Dow Jones, Dow, Michelle Cluver, Cluver, I've
Organizations:
Moody's, Boston, Securities, Treasury, Fed, Labor, CPI, Dow Jones, optimist
Locations:
U.S