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Investor's Business Daily

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Business & Economics

Fed's rate-cut outlook may have just dodged a bullet after CPI data revisions

Investor's Business Daily
Summary
Nutrition label

79% Informative

the second half of 2023 ce index rose 0.2% vs. the prior month, down from the 0.3% gain initially reported.

Core PCE inflation rate ended 2023 at Thursday is still nearly a full point above the Fed's 2% target. MIGHT3.3% the past three months Gi">first December ighLightText__NxlGi">5,0000.2% the prior month ryFeed_highLight 0.3% __NxlGi">Thursday the past six months _highLightText__NxlGi">0.1% 3.25% ed_highLig 3.21% t__NxlGi">Treasury Bureau of Labor Statistics aryFeed_highLi Friday t morning ">0.2% f 3.9% / 12-month span class="summaryFeed_highLightText__NxlGi">47% five q 12-month span> Fed aryFeed_highLightText__NxlGi">about PCE 2023 mmar 2.9% d_highLightText__NxlGi">4.24%4.9% 2022 lass="summaryFeed_highLightText__NxlGi">year Fed d2% an> Fed lass=" Waller yFeed_highLightText__NxlGi">FedWatch 2023 ed_highLightText__NxlGi">CME Group's May 1 the second half of the year htText__NxlGi">63.5% Federal Reserve ighLightText__NxlGi">FedFriday an class="summaryFeed_highLightText__NxlGi">March 20 first Last year's summaryFeed_highLightText__NxlGi">just 3-month /span> 4.3% _NxlGi 3.1% rnin the fourth quarter of 2022 maryFeed_highLightText Fed xlGi"> Christopher Waller an class="summaryFeed_highLightText__NxlGi">Federal Reserve Rate-Cut Odds Feb. 14 PCEPCE Vs PCE Fed eed_highLightText__NxlGi">the firs PCE alf of the year< 1.9% n annual an class="s the second half of 2023 t__NxlG 4% >4.6 the first half n class="summa PCE eed_highLightText__NxlGi">3.2% over one-third he past six months just 15% s="s PCE aryFeed_highLightText__NxlGi">PC 16% span PCE just 6% eed_highLightText__NxlGi">the past year 3.9%

VR Score

88

Informative language

98

Neutral language

39

Article tone

formal

Language

English

Language complexity

31

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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