The Core PCE Price Index, the Federal Reserve's preferred inflation gauge, rose 0.4% in January, slightly higher than December. Fed officials Barkin and Bostic express cautious optimism about inflation trends, with Barkin not rushing to cut rates and Bostic emphasizing the need for vigilance. Eurozone inflation eases but less than expected, tilting ECB balance towards delaying rate cuts.
🇺🇸 As a baseline, Bostic said he felt inflation was in line to "slowly" return to the Fed's target without major damage to the job market or growth, what he called a "resounding success." But that outcome, was "hardly assured...it is premature to claim victory in the fight… https://t.co/SpAEfhbd7m
Fed has the luxury of making policy without pressure of urgency, Bostic says https://t.co/q7IU4xTUOe
Atlanta Fed President Raphael Bostic said he expects the first interest-rate cut, which he has penciled in for the third quarter, will be followed by a pause https://t.co/tVRzhAgmGU
⚠️ FED'S BOSTIC: NO URGENCY TO CUT INTEREST RATES GIVEN US ECONOMY'S STRENGTH Full Story → https://t.co/UnS44K1XVO The U.S. Federal Reserve is under no urgent pressure to cut interest rates given a "prospering" economy and job market, Atlanta Fed President Raphael Bostic said… https://t.co/UMkTughsTD
Fed's Bostic Sees Two Rate Cuts In 2024, Wants QT At Current Pace For As Long As Possible https://t.co/vwsDR6qELQ
🔴 FED'S BOSTIC: SERVICES INFLATION REMAINS HIGHER, AND IT MAY TAKE LONGER FOR ADJUSTMENTS TO OCCUR.
🔴 FED'S BOSTIC: I AM HOPEFUL THAT THE FED CAN CONTINUE THE CURRENT PACE OF BALANCE SHEET DRAWDOWN AS LONG AS POSSIBLE.
🔴 FED'S BOSTIC: PENT-UP EXUBERANCE IN THE ECONOMY IS AN UPSIDE RISK TO INFLATION THAT REQUIRES SCRUTINY.
Fed’s Bostic: Inflation Is On Track To “Slowly” Return To 2% Target, But Too Early To Claim Victory - Need To See More Progress, Gain Confidence, On Disinflation Before Reducing Policy Interest Rate - Still Expect Two Quarter-Percentage-Point Cuts This Year
🔴 FED'S BOSTIC: THE RISKS TO INFLATION AND EMPLOYMENT HAVE BALANCED OUT.
🔴 FED'S BOSTIC: THE FED HAS SOME TIME TO BE SURE INFLATION RETURNS TO TARGET.
🔴 FED'S BOSTIC: INFLATION IS STILL WIDESPREAD, WITH PRICES FOR MORE THAN THE USUAL SHARE OF ITEMS INCREASING ABOVE 5%, TRIMMED MEAN IS STUCK AT 2.6%.
🔴 FED'S BOSTIC: RETURN TO PRICE STABILITY WITHOUT SIGNIFICANT ECONOMIC PAIN WOULD BE A RESOUNDING SUCCESS FOR THE FED.
🔴 FED'S BOSTIC: INFLATION IS ON TRACK TO SLOWLY RETURN TO THE 2% TARGET, BUT IT IS TOO EARLY TO CLAIM VICTORY.
🔴 FED'S BOSTIC: I NEED TO SEE MORE PROGRESS AND GAIN CONFIDENCE ON DISINFLATION BEFORE REDUCING THE POLICY INTEREST RATE.
🔴 FED'S BOSTIC: I STILL EXPECT TWO QUARTER-PERCENTAGE-POINT CUTS THIS YEAR.
🔴 FED'S BOSTIC: I WOULD NOT ANTICIPATE THAT CUTS, WHEN THEY START, WOULD BE BACK TO BACK, BUT IT WILL DEPEND ON THE RESPONSE.
BOSTIC: INFLATION IS ON TRACK TO “SLOWLY” RETURN TO 2% TARGET, BUT TOO EARLY TO CLAIM VICTORY BOSTIC: WOULD NOT ANTICIPATE THAT CUTS, WHEN THEY START, WOULD BE "BACK TO BACK," BUT WILL DEPEND ON THE RESPONSE BOSTIC: SOFT LANDING “HARDLY ASSURED,” GIVEN LEVEL OF UNCERTAINTY
🔴 FED'S BOSTIC: THE STRENGTH OF THE ECONOMY, AND THE JOB MARKET MEANS THE FED HAS THE LUXURY OF PROCEEDING WITHOUT URGENCY.
🔴 FED'S BOSTIC: A SOFT LANDING IS HARDLY ASSURED, GIVEN THE LEVEL OF UNCERTAINTY.
This past week's high Jan. 2024 reading for core PCE inflation is an almost exact replay of high Jan. 2023 inflation, after which inflation slowed sharply. It'll be the same now. Start-of-year price resets are making inflation look worse than it really is... https://t.co/lAB3HyMtQ9
⚠️ FED'S KUGLER 'OPTIMISTIC' ON DISINFLATION WITHOUT BIG JOB LOSSES (Reuters) Federal Reserve Governor Adriana Kugler on Friday signaled she sees the elusive "soft landing" of falling inflation amidst a healthy labor market within reach for the U.S. economy, noting that…
🔴 FED’S KUGLER: GOODS AND LABOR SHORTAGES HAVE DECLINED.
🔴 FED’S KUGLER: THE FED HAS FACED LESS OF A TRADE OFF BETWEEN INFLATION AND JOBS.
🔴 FED’S KUGLER: INFLATION PRESSURES HAVE COOLED SIGNIFICANTLY.
🔴 FED’S KUGLER: SIGNS FIRMS ARE ADJUSTING PRICES SLOWER BOLSTERS DISINFLATION CONFIDENCE.
🔴 FED’S KUGLER: CAUTIOUSLY OPTIMISTIC INFLATION WILL FALL WITHOUT JOB MARKET DAMAGE.
🔴 FED’S KUGLER: FED POLICY ACTIONS HAVE HELPED BRING INFLATION PRESSURES DOWN, HELPED ANCHOR INFLATION EXPECATIONS.
🔴 FED’S KUGLER: THE ECONOMY APPEARS TO HAVE DODGED A WAGE PRICE SPIRAL.
*BOSTIC: NEED TO HOLD RATES HIGHER FOR LONGER THAN YOU'D THINK You mean because the Fed is still pretending its inflation target is 2%?
Fed’s Bostic: Need To Hold Rates Higher For Longer Than You'd Think - Can't Afford To Ease Up, Assume Services Inflation Will Cool
🔴 FED'S BOSTIC: WILL BE LONGER TO GET TO 2% INFLATION, I'M WILLING TO WAIT.
Fed’s Bostic: Will Be Longer To Get To 2% Inflation; `I'm Willing To Wait'
🔴 FED'S BOSTIC: THE ECONOMY IS PRODUCING AT A LEVEL ABOVE THE LONG-RUN POTENTIAL.
BOSTIC: NOW IS NOT THE TIME TO DISCUSS MOVING INFLATION TARGET
Fed’s Bostic: Now Is Not The Time To Discuss Moving Inflation Target
FED'S BOSTIC: ‘GRATEFUL’ FOR INFLATION PROGRESS BUT “JOB IS NOT DONE BOSTIC: FED STAFF IS HAVING DEBATE ABOUT EFFICACY OF POLICIES
🔴 FED'S BOSTIC: I DON'T WANT TO HAVE TO RAISE RATES AGAIN.
Fed’s Bostic: I Don't Want To Have To Raise Rates Again
🔴 FED'S BOSTIC: I WANT TO SEE MORE EVIDENCE THAT INFLATION IS RETURNING TO NORMAL.
Fed’s Bostic: Want To See More Evidence Inflation Is Returning To Normal
🔴 FED'S BOSTIC: I AM GRATEFUL FOR INFLATION PROGRESS, BUT THE JOB IS NOT DONE.
Austan Goolsbee, Chicago Fed president, says housing inflation is the sector the Federal Reserve needs to pay attention to now. https://t.co/qsyXfeFoJP https://t.co/1iSLoFXZKe
🔴 FED: 6-MONTH CORE PCE ROSE AT ANNUAL 2.5% RATE, INFLATION MEASURED OVER RELATIVELY SHORT PERIODS MAY EXAGGERATE IDIOSYNCRATIC, TEMPORARY FACTORS.
🔴 FED: US INFLATION HAS SLOWED NOTABLY, IT REMAINS ELEVATED - MONETARY POLICY REPORT.
There it is: Wouldn't Be Surprised If January Inflation Was Noise - CNBC https://t.co/iT8apjtcrl
🔴 FED'S GOOLSBEE: I DON'T KNOW WHERE INTEREST RATES WILL SETTLE.
🔴 FED'S GOOLSBEE: IF INFLATION KEEPS FALLING, THE FED MUST THINK ABOUT JOBS.
🔴 FED'S GOOLSBEE: I BELIEVE THE FED FUNDS RATE IS QUITE RESTRICTIVE.
Fed’s Goolsbee: Wouldn't Be Surprised If January Inflation Was Noise - CNBC
🔴 FED'S GOOLSBEE: WE HAVE TO KEEP AN EYE ON HOUSING INFLATION.
🔴 FED'S GOOLSBEE: I WOULDN'T BE SURPRISED IF THE JANUARY INFLATION WAS NOISE.
🔴 FED'S GOOLSBEE: HOUSING INFLATION IS THE THING THAT'S REALLY BEEN WEIRD - CNBC.
🇪🇺Eurozone #inflation eases, but less than expected in February ✅ CPI slows 0.2pt to 2.6% ✅ Core CPI slows 0.2pt to 3.1% Tilts the @ECB balance toward waiting till June instead of April for first rate cut (especially with Fed signaling no March cut) https://t.co/jfSgpkPbtD https://t.co/R87QSCRWyg
Fed’s Barkin: We'll See If There Are Rate Cuts This Year - All Depends On The Progress On Inflation
🇺🇸 FED’S BARKIN: WE’LL SEE IF THERE ARE RATE CUTS THIS YEAR - CNBC INTERVIEW
🔴 FED'S BARKIN: WE'LL SEE IF THERE ARE RATE CUTS THIS YEAR.
🔴 FED'S BARKIN: YESTERDAY WAS A HIGH INFLATION REPORT.
Fed's Barkin: Inflation Coming Down But We Have To See How Much More Has To Happen To Get Inflation Back Down To 2% - I Am Not In A Hurry To Cut Rates - Yesterday Was A High Inflation Report
🔴 FED'S BARKIN: I STILL SEE WAGE AND INFLATION PRESSURES.
🔴 FED'S BARKIN: BUT IF MONTHLY NUMBERS COME IN INCONSISTENT WITH THAT, WE HAVE TO TAKE THAT INTO ACCOUNT. I AM NOT IN A HURRY TO CUT RATES.
FED'S BARKIN: I AM NOT IN A HURRY TO CUT RATES
🔴 FED'S BARKIN: OVERALL INFLATION NUMBERS ARE LIKELY TO COME DOWN OVER NEXT FEW MONTHS.
🔴 FED'S BARKIN: WE HAVE TO SEE HOW MUCH MORE HAS TO HAPPEN TO GET INFLATION BACK DOWN TO 2%.
🔴 FED'S BARKIN: INFLATION IS COMING DOWN, WE SHOULD BE CHEERING THAT.
🔴 FED'S BARKIN: THE PCE YESTERDAY CONSISTENT WITH THE STORY I AM HEARING WITH REGARDS TO SERVICES INFLATION.
🔴 FED'S BARKIN WHEN ASKED ABOUT PCE DATA: I TRY TO NOT TAKE TOO MUCH OUT OF JANUARY ECONOMIC FIGURES IN GENERAL.
🇺🇸 FED'S BARKIN: WE'RE STILL IN A WORLD THAT FIRMS ARE INCREASING PRICES AT HIGHER THAN NORMAL LEVELS - CNBC INTERVIEW
🔴 FED'S BARKIN: PRICE ARE HIKES BEING OFFSET BY DECLINES IN SOME SECTORS.
🔴 FED'S BARKIN: WE'RE ON THE BACK END' OF REGULAR PRICE HIKES.
Inflation fell to 2.4% in January in gauge favored by Fed, but core prices rose quickly https://t.co/bkgbXglcn0 https://t.co/bkgbXglcn0
The Fed’s preferred gauge of underlying inflation rose in January at the fastest pace in almost a year https://t.co/DRoeG8jv3j
The Fed's favorite measure of inflation spiked in January, by the most in a year @AliCDonaldson https://t.co/Vqkpbsn9LF
🔴 FED'S MESTER: WE ARE IN A REALLY GOOD SPOT, ON POLICY AND ON THE US ECONOMY.
🔴 FED'S MESTER: RIGHT NOW THREE RATE CUTS THIS YEAR FEELS ABOUT RIGHT TO ME.
Check it out. The super core of the PCE measure of inflation is higher month over month than it has been during this entire ghastly episode from 2021 forward! https://t.co/w5tXfWMRCN
🔴 FED'S MESTER: WE CAN'T RELY ON THE PACE OF DISINFLATION LAST YEAR TO CONTINUE THIS YEAR.
Fed's Mester: January PCE Data Was Not Too Surprising - Yahoo Finance - Does Not Change View That Inflation Is Going Downward
🔴 FED'S MESTER: MONETARY POLICY IS RESTRICTIVE, DEMAND SHOULD COOL.
🔴 FED'S MESTER: THERE IS A LITTLE MORE WORK FOR THE FED TO DO ON INFLATION.
🔴 FED'S MESTER: THE JANUARY PCE READING DOES NOT CHANGE VIEW THAT INFLATION IS GOING DOWNWARD.
Literally this morning Core PCE = +0.42% M/M = largest sequential increase in a year Core Services Ex-Housing = +0.60% M/M = largest sequential increase in 26-months This is the inflation people are feeling. https://t.co/aL0bGEpLY5 https://t.co/4XQAtgGhZd
⚠️ FED'S GOOLSBEE: POLICY 'RESTRICTIVE,' MORE DISINFLATION LIKELY (Reuters) Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes last year's improvements in the supply of goods and labor set the stage for further declines in U.S. inflation this…
An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. https://t.co/djXWbXMJCb https://t.co/XO1SiH0Rfo
Atlanta Fed President Raphael Bostic says that it will probably be appropriate for the US central bank to begin cutting interest rates this summer based on his outlook for inflation https://t.co/0jUg21639M
Fed's Bostic when asked about today's PCE inflation data: Sometimes different measures point in disparate directions. https://t.co/t9JvxUQJbv
Fed's Daly: I want to avoid holding rates all the way to 2% inflation. 🤪 https://t.co/kwR3pgXRhA
Atlanta Fed President Raphael Bostic says that it will probably be appropriate for the US central bank to begin cutting rates this summer based on his outlook for inflation https://t.co/twoZtG9vNB
🇺🇸 FED’S DALY: THERE IS NO IMMINENT RISK OF THE ECONOMY FALTERING 🇺🇸 FED’S DALY: WANT TO AVOID HOLDING RATES ALL THE WAY TO 2% INFLATION
🔴 FED'S DALY: IF WE CUT TOO QUICKLY, INFLATION CAN GET STUCK.
FED’S DALY: WE HAVE POLICY IN A GOOD PLACE, CAN CUT IF NEEDED FED’S DALY: WANT TO AVOID HOLDING RATES ALL THE WAY TO 2% INFLATION FED’S DALY: THERE IS NO IMMINENT RISK OF THE ECONOMY FALTERING
🔴 FED'S DALY: RISKS OF PERSISTENT INFLATION AND ECONOMIC DOWNTURN ARE EVEN.
🔴 FED'S DALY: I WANT TO AVOID HOLDING RATES ALL THE WAY TO 2% INFLATION.
US Fed official says open to ‘summer time’ interest rate cut https://t.co/9Gn9ToZ4Fz
US prices rose in January while spending cooled, Fed’s preferred inflation gauge shows https://t.co/KeYYlnJIkp https://t.co/lrO2qPFm2j
Fed’s Goolsbee: There's A Risk Of Betting Against The Fed Being Commitment To Doing What It Says - Rates Are Pretty Restrictive - This Is A Restrictive Environment
🔴 FED'S GOOLSBEE: THERE'S A RISK OF BETTING AGAINST THE FED BEING COMMITTED TO DOING WHAT IT SAYS.
🔴 FED'S BOSTIC WHEN ASKED ABOUT TODAY'S PCE INFLATION DATA: SOMETIMES DIFFERENT MEASURES POINT IN DISPARATE DIRECTIONS.
FED'S BOSTIC: I EXPECT THINGS ARE GOING TO BE BUMPY ON INFLATION
🔴 FED'S BOSTIC: I EXPECT THINGS ARE GOING TO BE BUMPY ON INFLATION.
FED'S BOSTIC: I DON'T THINK SUPERCORE INFLATION IS DRIVEN BY WAGES
🔴 FED'S BOSTIC: I DON'T THINK SUPERCORE INFLATION IS DRIVEN BY WAGES.
BOSTIC: WAGE GROWTH OUTPACING INFLATION, LIKELY TO CONTINUE
🔴 FED'S GOOLSBEE: IF SUBSTANTIAL PRODUCTIVITY GROWTH CONTINUES, THAT WOULD HAVE AN IMPACT ON MONETARY POLICY.
🔴 FED'S GOOLSBEE: WHAT I'M WATCHING THE MOST IS WHY HASN'T HOUSING INFLATION IMPROVED MORE THAN IT HAS.
🔴 FED'S BOSTIC: THE ECONOMY IS ON A GOOD TRAJECTORY, IT WILL TAKE TIME TO NORMALIZE.
🔴 FED'S GOOLSBEE: LAGS ON SUPPLY SHOCK FROM LABOR ON INFLATION ARE PROBABLY LONG.
The January inflation readings were hotter than expected, but they don't square with other data showing a relaxation in price pressures. February will give us a better idea if the pop in inflation in the CPI, PCE and PPI reports are real or temporary. https://t.co/3MF1GZ6Ii3
🔴 FED'S BOSTIC: THE DEGREE OF RISK EXPOSURE IN THE NON-BANKING SECTOR WORRIES ME.
🔴 FED'S GOOLSBEE: WE'VE HAD VERY SUBSTANTIAL PROGRESS OVER A LONGTERM BASIS ON INFLATION.
Fed's Goolsbee: Even With January PCE Data Showing A Month Of Rebound, Should Be Careful To Extrapolate - We've Had Very Substantial Progress Over A Long Term Basis On Inflation
🔴 FED'S BOSTIC: THE BANKING SECTOR IS SOUND AND STRONG.
FED'S GOOLSBEE : EVEN WITH JANUARY PCE DATA SHOWING A MONTH OF REBOUND, SHOULD BE CAREFUL TO EXTRAPOLATE FED'S GOOLSBEE : WE'VE HAD VERY SUBSTANTIAL PROGRESS OVER A LONGTERM BASIS ON INFLATION
Fed's Bostic: It is probably appropriate to reduce policy rate in the Summer. 🤪 https://t.co/qicRC5CScY
🇺🇸 FED'S BOSTIC: IT IS PROBABLY APPROPRIATE TO REDUCE POLICY RATE IN THE SUMMER
Fed's Bostic: Probably Appropriate To Reduce Policy Rate In The Summer Time
🔴 FED'S BOSTIC: IT IS PROBABLY APPROPRIATE TO REDUCE POLICY RATE IN THE SUMMER.
FED'S BOSTIC: PROBABLY APPROPRIATE TO REDUCE POLICY RATE IN THE SUMMER TIME
🔴 FED'S BOSTIC: WE HAVE TO STAY VIGILANT AND ATTENTIVE.
Fed's Bostic: Last Few Inflation Readings Have Shown It Is Going To Be Bumpy Path Back To 2%
🔴 FED'S BOSTIC: THE LAST FEW INFLATION READINGS HAVE SHOWN IT IS GOING TO BE BUMPY PATH BACK TO 2%.
Fed's Bostic: Inflation Came Down Much Faster Than I'd Expected
🔴 FED'S BOSTIC: INFLATION CAME DOWN MUCH FASTER THAN I'D EXPECTED.
FED'S BOSTIC: INFLATION CAME DOWN MUCH FASTER THAN I'D EXPECTED
⚠️ FED RATE CUT SEEN ON TRACK FOR JUNE EVEN AS INFLATION BUMPS UP (Reuters) An increase in U.S. inflation last month that was largely in line with expectations likely won't change the calculus for U.S. central bankers weighing when to deliver a first interest-rate cut, traders… https://t.co/Pj5JfH1VPk
Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago https://t.co/VLO6pK8Z22
DATA: Inflation Ticked Up Again in January. Read more: https://t.co/MoJAOVx1Ph A consumer price inflation indicator closely monitored by the Federal Reserve raised concerns yet...
NEW The Fed's preferred inflation metric (PCE ex. food and energy) ticks up 0.4% month-over-month Highest reading since early 2023. https://t.co/X0pnBCwewM
NEW The Fed's preferred inflation metric (PCE ex. food and energy) ticks up to 0.4% month-over-month Highest reading since early 2023. https://t.co/BRNMdFaQwh
If PCE prices grow based on recent trends, inflation will be 2% to 2.5% in 2024. Not too shabby! (It would be 4%-5% based on January trend alone) Graph via @katekgen at @BudgetHawks https://t.co/41Bm51giDw
NEW: Fed's favorite inflation measure confirms quicker price gains in January https://t.co/Ta25o1Lydw
Inflation fell to 2.4% for the year ending in January in the gauge favored by the Fed, but some details of the report were less encouraging. Worth watching: Services prices rose faster in January than any other month in decades, apart from June 2022 https://t.co/BhAZQEeu6N https://t.co/EYAuzdpkQl
🇺🇸 CPI and other inflation metrics rise, but PCE continues to fall. 🤔 • Core PCE Price Index, the Federal Reserve's preferred inflation gauge, rose 0.4% in January, slightly higher than the 0.3% increase in December. • On a year-over-year basis, the Core PCE increased by…
U.S. Federal Reserve’s preferred inflation gauge picked up in January in sign of still-elevated prices https://t.co/8zhGkDdqyB
The Federal Reserve’s preferred gauge of underlying inflation rose in January at the fastest pace in nearly a year, supporting policymakers’ patient approach to start cutting interest rates. https://t.co/BtS9EY1K1c
The increase in the core PCE deflator for January stuck to script, coming in a hot 0.42%. But the increase was juiced by problematic seasonals. Abstracting from the measurement issues, underlying inflation appears close to 2.5% annualized. Within hailing distance of the Fed’s 2%…
The Fed's preferred measure of inflation (Core PCE) moved down to 2.8% in January, the lowest since March 2021. The Fed Funds Rate is now 2.4% above Core PCE, the most restrictive monetary policy we've seen since September 2007. https://t.co/qurMS3b9Vv