3,882
edits
Consumer Price Index:Historical Releases/2023 May: Difference between revisions
Consumer Price Index:Historical Releases/2023 May (view source)
Revision as of 21:54, 12 June 2023
, 12 June 2023no edit summary
No edit summary |
No edit summary |
||
| Line 157: | Line 157: | ||
|} | |} | ||
=== | === Commentary === | ||
==== Moody's ==== | ==== Moody's ==== | ||
* “The most encouraging thing is the year-over-year growth rates are going to come down pretty sharply,” said Mark Zandi, chief economist at Moody’s Analytics. “The headline number is going to feel good, it’s going to be encouraging, showing inflation is moving in the right direction. More fundamentally, I think inflation ''is'' moving in the right direction.” | * “The most encouraging thing is the year-over-year growth rates are going to come down pretty sharply,” said Mark Zandi, chief economist at Moody’s Analytics. “The headline number is going to feel good, it’s going to be encouraging, showing inflation is moving in the right direction. More fundamentally, I think inflation ''is'' moving in the right direction.” | ||
* “Inflation is coming in and they might get a number that gives them comfort that things are moving in the right direction,” Zandi said. “They don’t need to raise rates again.”<ref name=":0" /> | * “Inflation is coming in and they might get a number that gives them comfort that things are moving in the right direction,” Zandi said. “They don’t need to raise rates again.”<ref name=":0">https://www.cnbc.com/2023/06/12/inflation-report-tuesday-will-be-critical-for-the-direction-of-fed-policy.html</ref> | ||
==== Center for Economic and Policy Research ==== | ==== Center for Economic and Policy Research ==== | ||
* “Inflation has been trending downward for the last year,” said Dean Baker, co-founder of the Center for Economic and Policy Research. “If this trend continues, the Fed can declare victory and focus on the employment side of its mandate. However, inflation is still well above the Fed’s [2%] target, so the question is whether the downward path is continuing or whether we have hit a plateau.” | * “Inflation has been trending downward for the last year,” said Dean Baker, co-founder of the Center for Economic and Policy Research. “If this trend continues, the Fed can declare victory and focus on the employment side of its mandate. However, inflation is still well above the Fed’s [2%] target, so the question is whether the downward path is continuing or whether we have hit a plateau.”<ref name=":0" /> | ||
==== Bill English, former Fed official ==== | ==== Bill English, former Fed official ==== | ||