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By Staff Reporters
Federal Reserve Chair Jerome Powell and his colleagues can expect to see their upcoming key inflation metric accelerate this week to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.
CITE: https://www.r2library.com/Resource/Title/0826102549
The personal consumption expenditures price index, which the Federal Reserve uses for its inflation target, likely jumped 6% in January from a year earlier, according to the median of a Bloomberg survey of economists. The core measure, which excludes food and fuel, is forecast to climb 5.2%.
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Consumption Function: https://medicalexecutivepost.com/2022/01/18/what-is-the-economic-consumption-function-theory/
And, less than a month before the FOMC’s next policy meeting, a sharper-than-projected advance in the price gauge could turn up the heat for a half-point increase in the benchmark interest rate. January’s consumer-price index rose more than forecast, with broad advances in the costs of goods and services.
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Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: consumption function, Federal Reserve, FOMC, inflation, Jerome Powell, Paul Volcker |
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