Fed Rate Pause Set to Get Support From Moderating Inflation Data
- Bloomberg Economics expects headline, core CPI below consensus
- Tuesday’s figures set to bolster case for Fed pause this week
This article is for subscribers only.
Federal Reserve officials seeking to put their tightening campaign on pause this week are set to receive support from consumer price index data due Tuesday, according to Bloomberg Economics.
Falling energy prices in May should offset increases in other categories to leave the headline index roughly unchanged, Anna Wong, Bloomberg’s chief US economist, wrote Monday in a preview of the report. Excluding food and energy, prices probably rose 0.3% — a deceleration from April’s 0.4% increase, she said.