Eco Week Ahead
Fed’s Preferred Inflation Gauge Seen Staying Elevated
- Euro-zone underlying price growth may reach new high
- Central-bank rate hikes due from South Africa to Mexico
Shoppers carry T.J. Maxx bags in the SoHo neighborhood of New York.
Photographer: Jordana Bermudez/BloombergThis article is for subscribers only.
The Federal Reserve’s preferred measure of underlying price pressures probably remained elevated in February, keeping officials in a precarious spot as they seek to balance inflation-fighting resolve and stress on the banking system.
The US personal consumption expenditures price index, excluding food and fuel, is forecast to rise 0.4% from a month earlier, according to the Bloomberg survey median. That would follow the largest advance since June.