CPI, US inflation
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Goldman’s new 3.05% PCE forecast is a brutal reality check for the Fed—and it could stall rate cuts for months.
A measure of inflation may have fallen to a five-year low in January as rental costs have cooled, a sign that some prices are moderating while Americans continue to grapple with a big rise in overall prices in the past five years.
Among those respondents worried about the economy, inflation emerged as the dominant issue, cited by 47% as their top concern. The cost of housing ranks second at 29% while retirement savings concerns, 11%, and job loss, 4%, lagged well behind.
CNN business reporter Matt Egan on Friday highlighted an “encouraging” new inflation report from the Bureau of Labor Statistics (BLS).
There's a good chance the most critical measure of inflation in the CPI report will slow to a five-year low, but it doesn't mean the battle against higher prices is almost won. The so-called core CPI is forecast to slow to 2.