Fed’s Key Inflation Gauges May Offer Path to Rate Cuts: Eco Week

 

• PCE measures seen showing little or no monthly change
• Sweden, Mexico set rates; France, Italy, Canada inflation due

The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September.

Economists expect no change in the May personal consumption expenditures price index and a minimal 0.1% gain in the core measure that excludes food and energy, based on median projections in a Bloomberg survey of economists.

https://www.bloomberg.com/news/articles/2024-06-22/fed-rate-cuts-latest-key-inflation-gauges-may-offer-path-to-move-in-september