Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "David Andolfatto"


2 mentions found


The most common measure of inflation, the CPI is expected to have fallen to 2.9% annually from 3.4% while the core CPI, excluding food and energy costs, is forecast to have declined to a 3.7% rate from 3.9% in December. Year-end revisions to 2023 CPI data, released last Friday, showed inflation was actually slightly lower on a monthly basis in December than earlier estimated. “But ‘generally’ doesn’t necessarily mean linear or consistent – there could very well be bumps ahead.”“Core inflation today is being primarily driven by shelter and wage-sensitive core services,” Lin added. Headier growth could mean prices will take longer to revert back to the 2% annual inflation target set by the Federal Reserve. The day also brings the first reading on consumer sentiment for February from the University of Michigan’s key index.
Persons: , BeiChen Lin, ” Lin, Jerome Powell, David Andolfatto, Louis, , Bill Adams, Waran Organizations: Russell Investments, Economic, Federal Reserve Bank, Atlanta’s, Federal Reserve, Research, Miami Herbert Business School, University of Miami, Federal Reserve Bank of St, University of, Comerica Bank, Locations: U.S
A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years. Economists say consumers appear to be responding to steadily slower inflation, higher incomes, lower gas prices and a rising stock market. What's more, paychecks have outpaced inflation over the past year, thereby easing Americans' adjustment to a higher cost of living. Political Cartoons View All 253 ImagesEven with the steady slowdown in inflation, prices are still nearly 17% higher than they were three years ago, a source of discontent for many Americans. It would be too painful.”Claudia Sahm, founder of Sahm Consulting and also a former Fed economist, acknowledged that "people are angry” about higher prices.
Persons: Joe Biden's, What's, , Grace Zwemmer, Marshall, , Dana Smith, Smith, Ryan Cummings, ” Cummings, Biden, Robert Shiller, David Andolfatto, “ Let’s, Claudia Sahm, Josh Boak Organizations: WASHINGTON, University of Michigan, Federal Reserve Bank of New, Federal, Oxford Economics, Marshall, Trump, Democratic, Fed, University of Miami, Sahm Consulting Locations: Federal Reserve Bank of New York, Atlanta, Matthews , North Carolina, Charlotte, Washington
Total: 2