No More Waiting: Inflation May Have Already Hit Fed's Target
- Economists boost estimates for preferred gauge after CPI data
- Core inflation still seen taking longer to reach 2 percent
U.S. Consumer Prices Jump Most in Nearly Four Years
This article is for subscribers only.
Forget wondering when U.S. inflation will reach the Federal Reserve’s goal. It may be there already.
The biggest monthly jump in almost four years in the Labor Department’s consumer-price index led some analysts to raise their estimates Wednesday for the Fed’s preferred inflation gauge, the Commerce Department’s personal consumption expenditures price index.