Fed’s favoured inflation gauge falls
A key US inflation measure fell in April, the Bureau of Economic Analysis reported on May 27. Year-on-year personal consumption expenditure inflation came to 6.3% in April, down from 6.6%.
Excluding food and energy prices, PCE inflation was 4.9%, down from 5.2% in March. This is the first time in 2022 that core PCE inflation has fallen below 5%.
Energy prices increased by more than 30% in the year up to April, and food prices by 10%.
The Federal Reserve Bank of Dallas maintains its own
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Macroeconomics
Strong dollar harms EME bond market liquidity – BIS paper
Dealer intermediation vulnerable to both “original sin” and “original sin redux”
UK inflation falls more than BoE had expected
Housing prices fall year on year for first time since 2012, while energy prices also decline
UK financial institutions are ‘global public good’, says Bailey
BoE governor warns against fragmentation, criticises Brexit and discounts rate cuts
China slides back into deflation
Falling pork prices are a major drag on consumer prices
Covid-era fiscal policy helped fuel inflation, researchers say
Robert Barro and Francesco Bianchi say their evidence supports fiscal theory of the price level
Sweden faces lower employment and labour force growth
Integration of foreign-born citizens is key to keep expanding labour force, says Riksbank research
Asian bond spreads with US not widening, BIS research finds
Central banks’ actions have decoupled EME bonds from stronger dollar, researchers say
China boosts support for economy with new debt issuance
The central government will issue one trillion yuan in bonds in the fourth quarter