Wednesday’s inflation report is one to watch. After three months of surprisingly hot CPI data, even inflation optimists are worried that the ballyhooed disinflation of 2023 has sputtered in 2024. If inflation is stuck above the Federal Reserve’s 2% target, their hopes of interest rate cuts this year may have been misplaced — and the coveted “soft landing” may not look like much of a landing at all.

Markets can live with a report in line with Wall Street forecasts. The median estimate of economists surveyed by Bloomberg is for a 0.3% increase in core CPI for April from a month earlier. Yet another upside miss could cause some real consternation for bond investors.

QOSHE - Were Those Hot Inflation Numbers Just a Bad Dream? - Jonathan Levin
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Were Those Hot Inflation Numbers Just a Bad Dream?

68 1
15.05.2024

Wednesday’s inflation report is one to watch. After three months of surprisingly hot CPI data, even inflation optimists are worried that the ballyhooed disinflation of........

© Bloomberg

Get it on Google Play