Inflation Back on Fed’s Radar as Gauge Highest Since June: ChartBy
A gauge of U.S. inflation expectations from the Federal Reserve, known as the five-year, five-year forward break-even rate, projects consumer prices will climb at a 1.5 percent annual pace from 2021 to 2026, the highest level in about three months. The jump in expectations comes as central-bank policy makers consider whether to raise interest rates this month for the first time since December. The Fed is looking for inflation to rise to its 2 percent target, saying in its latest Beige Book release Wednesday that price increases “remained slight overall.”
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.