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The Fed will need to dial down its 2023 core inflation forecast this week

The Fed is due for another set of economic forecasts this week and one interesting spot will be core inflation.The current central tendency is 3.7-4.2% and it looks like the December reading will be below the low end of that range, according to Morgan Stanley.For core inflation to hit the Fed’s projection, Morgan Stanley economists’ estimates indicate it would need to increase at a 4.5% annual rate in the final four months of this year, after rising at a 2.6% rate over the prior four months. The... Read More

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Posted: Sep 18 2023, 15:29

Author Name: forexlive

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