Bloomberg/Vince Golle/2-19-2022
“Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.”
USAGOLD note: The Personal Consumption Expenditure Index will go to 6% for January from 5.8% in December, according to a survey of Bloomberg economists. More indication is moving from transitory to entrenched. Consensus opinion has it, however, that the Fed is unlikely to go higher than a 0.25% hike in the Fed funds rate at its meeting in March.
Sources: St. Louis Federal Reserve [FRED], U.S. Bureau of Economic Analysis
