(Bloomberg) -- US consumer-price data in the coming week, arriving on the heels of surprisingly strong jobs numbers, is projected to show a glacial slowdown ...
-- US consumer-price data in the coming week, arriving on the heels of surprisingly strong jobs numbers, is projected to show a glacial slowdown in underlying inflation that explains the Federal Reserve’s cautious approach to lowering interest rates.Mark Zuckerberg’s Wealth Exceeds Elon Musk’s for the First Time Since 2020The March core consumer price index, a measure of underlying inflation that excludes food and fuel, is seen rising 0.3% from a month earlier after a 0.4% advance in February.
Elsewhere, central banks from New Zealand to the euro area to Peru are also set to hold, while economists are split between a cut and a pause in Israel. Meanwhile, former Fed Chair Ben Bernanke is scheduled to deliver a review of Bank of England forecasting errors on Friday. After last week’s weaker-than-anticipated inflation reading, policymakers won’t get much additional data ahead of the meeting, though the quarterly bank-lending survey on Tuesday may provide some insight.
In Britain, GDP figures on Friday are likely to confirm a second month of growth in February, putting the economy on track for a mild recovery after the shallow recession in 2023. The BOE that day will release a report from Bernanke, setting out recommendations for how officials can improve forecasting and communication after criticism they were slow to recognize the inflation crisis that started after the pandemic.
In Mexico, where the disinflation process has proven bumpy and protracted, the early consensus is for both the full-month and bi-weekly readings to have re-accelerated.
Consumer Price Index Inflation Figures Underlying Inflation Interest Rates Headline Inflation Ben Bernanke Fed Rate Cuts New York Fed
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