"Fed Speaker" Nick Timiraos: With December CPI and PPI data, forecasters expect December core PCE to rise 0.17% (nearly 2% annualized), which will keep core PCE at 2.8% annualized and reduce the 6-month and 3-month annualized values to 2.3% and 2.2%, respectively. (Jin Ten)
Nick Timiraos, the Fed's megaphone, pointed to Fed meeting notes as further evidence that officials are broadly willing to keep rates on hold at their upcoming meeting at the end of the month. "Participants indicated that the committee is at or near the appropriate level to slow the pace of policy easing," the meeting notes said. Based on their current outlook for economic activity, officials believe the Fed is likely to continue cutting rates at a slower pace than in recent months.
“美联储传声筒”NickTimiraos表示,9月份,19名美联储官员中有3人认为,核心PCE通胀预测面临的风险偏向上行(如果预测错误,则可能过低)。而今天,有15或19名官员认为,已经被上调的核心PCE通胀的风险仍偏向上行。(金十)
Nick Timiraos: The six-month moving average of US private sector job growth slowed to 108,000 in November, the lowest level in the cycle.
Nick Timiraos: Another week of US jobless claims data shows little change in the US labour market (by and large), despite typical volatility.
Federal Reserve Speaker Nick Timiraos wrote that Fed members discussed the possibility of slowing or pausing interest rate cuts at their meeting earlier this month if progress on reducing inflation stalled. According to Fed meeting notes released on Tuesday, officials believe that if the economy performs in line with their expectations, inflation will continue to decline steadily...
Nick Timiraos, a prominent Wall Street Journal reporter who is the Federal Reserve's mouthpiece, recently wrote that consumer prices rebounded slightly in October after posting the slowest pace of growth in 3.5 years last month, indicating that inflation continues to decline on an uneven and bumpy path. The latest report may not be enough to prevent the Federal Reserve from cutting interest rates again in December. But, combined with solid consumer spending and steady hiring, the strengthening o...
According to Nick Timiraos, the Fed cut interest rates by 25 basis points as expected, and the decision was unanimous. The FOMC's statement changed little.