Higher inflation in the US could accelerate Fed’s tightening
Higher inflation in the US in December and rising Treasury yields may encourage the Federal Reserve Board to tighten financial conditions in 2018 faster than previously anticipated.
The latest figure for personal consumption expenditure price index (PCE), the Fed’s preferred measure of inflation, was 1.8% in November 2017, up from 1.4% in August. Core PCE, which excludes food and energy prices, has also been rising, reaching 1.5% in November.
Higher inflation readings coincide with a more
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