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The Marked Chart Wire · Economy and the Fed
Inflation
Federal Reserve economists disagree with President Trump's assertion that inflation has significantly decreased, noting that consumer prices are still rising. They attribute part of the continued price increases to two specific administration policies.
Part of a series: US inflation data shows persistent price gains
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Inflation
The Consumer Price Index shows inflation at 3.7 percent, remaining well above the Federal Reserve's 2 percent target.
Fed
Moody's chief economist Mark Zandi stated that strong October jobs data gives the Federal Reserve room to raise rates. He described the likelihood of a December increase as very high.
Consumer Credit
Consumer credit increased by $27.8 billion in October, significantly exceeding the $13.8 billion forecast and the previous month's $8.3 billion gain.
Fed
San Francisco Fed President Mary Daly stated that the solid job market allows the central bank to focus on inflation, which requires further policy tightening. She noted that the recent jobs report was positive, though wage growth is not accelerating rapidly.
Consumer Sentiment
Preliminary data shows US consumer sentiment jumped 6.3 percent to 51.0 in November, up from 48.0 in October. One-year inflation expectations dropped to 4.3 percent, though they remain above levels seen in February.
Consumer Sentiment
The University of Michigan preliminary index rose to 51, exceeding the 48 forecast and the prior 48.0 reading. One-year inflation expectations fell to 4.3 percent, while five-year expectations dropped to 3.4 percent.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.