News list for " academics andrew"

Citi: Fed's preferred inflation measure is expected to support a 25BP rate cut in November.

Andrew Hollenhorst, economist at Citi, believes that the combination of the US PPI index and yesterday's unexpectedly higher CPI supports the Federal Reserve's decision to cut interest rates by 25 basis points next month. The Fed's preferred inflation measure, the PCE, combines CPI and PPI price data, so the combination of the two data allows forecasters to make accurate predictions for September PCE. Citi believes that core PCE, which excludes volatile food and energy prices, will increase by 0...

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2024-10-11 14:01:52
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