US Economics

US Economics Weekly
07 February, 2011

Higher food prices eat into payroll tax cut

In light of recent increases in oil and agricultural commodity prices, we now expect CPI inflation to peak at 2.5% this summer, up from our previous forecast of 2.0%. But this is unlikely to sway the Federal Reserve, not least because higher gasoline and food prices will also dent households’ spending power. ...

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article

Log in



Follow @CapEconUS

New Book

The Trouble with Europe

by Roger Bootle

"Right on every count"
The Guardian

Buy now on Amazon

Get the App

The Capital Economics app is a new way for clients to keep up to date with our latest research.