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3Novices:Soggy US inflation numbers could prove a spoiler for the Fed’s ‘normalisation’ policy

At the beginning of this year, the stars seemed to be aligning for the Federal Reserve.
In February, a key gauge of inflation, the so-called personal consumption expenditures price index (PCE), breached the central bank’s 2 per cent inflation target, providing ample justification for the Fed’s decision in March to raise interest rates for the third time since the 2008 financial crisis.
With the US closing in on full employment, wage growth showing signs of picking up and concerns…
June 15, 2017 at 10:19AM http://ift.tt/2rj5FDF
#3Novices #News #OnlineMedia #China 3Novices China

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