Inflation & Prices
Hot Inflation Puts Another Fed Hike In Play for June or July
- ‘This is the wrong direction for the Fed,’ raising hike odds
- Employment, consumer prices reports due before FOMC meeting
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Stefani Reynolds/BloombergMore disappointing inflation news could help to persuade Federal Reserve policymakers to raise interest rates again, giving ammunition to hawks who argue there’s more work needed to restore price stability.
The personal consumption expenditures price index, the Fed’s preferred inflation gauge, rose a faster-than-expected 0.4% in April, Commerce Department figures showed Friday.