Policymakers won’t have all the answers about what’s happening with inflation by the time they convene for their March meeting this week.
buoyed by six months of encouraging inflation reports, and signaling three interest rate cuts this year. Just a little bit later, theEconomists and policymakers called it a one-off, citing seasonal glitches and other data quirks that often mess with the start of the year. But then February datatoo, raising questions about whether this all amounts to a few bumps in the road — or the beginning of a more worrisome trend.
could begin sometime this summer. Powell and his colleagues are just looking for more reassurance that the time is right.the House Financial Services Committee earlier this month. “We don’t want to have a situation where it turns out that the six months of good inflation data we had last year, that that didn’t turn out to be an accurate signal of where underlying inflation is.
in February, monthly core goods prices rose for the first time since May, climbing a slight 0.1 percent after dropping 0.3 percent in January. Clothing and used cars were among the categories that rose slightly.In an analyst note, economists at LH Meyer/Monetary Policy Analytics argued that down the line, it may be best not to expect a lot more easing on the goods front because much of it has already moved through the pipeline.
In January, one key measure of services inflation rose by a discouraging 0.8 percent. And even while that month’s data was seen as an outlier, February still posted a more moderate 0.5 percent increase.in the consumer price index are delayed and aren’t reflecting real-time measures, which show rents either stabilizing or falling in major cities.
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