Dallas Fed predicts 2022 core inflation above 2%

Inflation

Researchers at the Federal Reserve Bank of Dallas forecast that core personal consumption expenditure (PCE) inflation will be between 2.2% and 3.2% next year. The “baseline scenario” charts a 2.6% core PCE rate.

The US has struggled with sharp inflationary pressures in recent months. Consumer price inflation reached 5.3% in August and 5.4% in September. The Federal Open Market Committee gives more weight to PCE inflation, which has risen somewhat less: it came to 4.3% in August.

Many

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