Inflation & Prices
Fed’s New Inflation Outlook Already Seems Outdated, Analysts Say
- Latest projections imply substantial pickup in months ahead
- ‘Fed is unlikely to hike’ again in 2023: Renaissance’s Dutta
Prices of personal consumption expenditures excluding food and energy, the Fed’s preferred measure of underlying inflation, rose just 0.1% in August, and 3.9% from a year earlier.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve officials’ latest inflation projections are already looking too high following the release of new data on consumer prices, suggesting another interest-rate increase this year is even less likely.
Prices of personal consumption expenditures excluding food and energy, the Fed’s preferred measure of underlying inflation, rose just 0.1% in August, and 3.9% from a year earlier, according to Bureau of Economic Analysis figures published Friday.