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The Marked Chart Wire · Economy and the Fed
Fed
Federal Reserve official Muslem stated that inflation expectations are stable, though consumers remain concerned. He attributed current excess inflation to energy shocks and AI infrastructure spending.
Part of a series: Fed holds rates steady as officials debate future hikes
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Fed
Federal Reserve Governor Eric Barkin stated that current monetary policy is approximately neutral. He identified inflation as the primary risk for the Fed and noted that a gradual approach to policy changes makes sense.
Fed
Federal Reserve Governor Hammack stated that policy must become more restrictive to curb inflation. He noted that price pressures are widespread and favors making smaller, more frequent rate changes.
Fed
A Trump committee hearing regarding Federal Reserve Governor Lisa Cook has been rescheduled to December 14.
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.
Consumer Sentiment
The preliminary University of Michigan consumer sentiment index for November came in at 51, beating the forecast of 48 and the previous reading of 48.
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