Eco Week Ahead
Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
- After CPI data rocked global markets, focus shifts to core PCE
- BOJ may hint at future rate hikes; German Ifo index due
Jerome Powell during a fireside chat at the Wilson Center in Washington, DC, on April 16.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Federal Reserve officials are about to get further confirmation that progress against inflation has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated.
Policymakers’ preferred inflation gauge — the personal consumption expenditures price index — probably stayed elevated in March, according to data due in the coming week.