US Economics

US Economics Weekly

12 April, 2019

Weaker core inflation reinforcing Fed’s dovishness

The March consumer and producer price inflation data released this week highlighted that underlying inflationary pressures continue to fade. That hasn’t gone unnoticed at the Fed, with the March FOMC minutes revealing that officials are increasingly worried about a sustained undershoot of core inflation and inflation expectations. That is one reason to expect the Fed to react to weak incoming activity data with rate cuts sooner rather than later.

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