Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

29 Aug 2022 US Monitor No Shift in Stance from Powell, but 50bp is Still Possible Next Month

Ian Shepherdson (Chief Economist and Founder)26th Aug 2022 14:03U.S., Weekly Monitor

The August inflation data will have to be great if the Fed is to pivot to 50bp in September...

...Whatever happens to rates in the near-term, the Fed is uneasy at market forecasts of lower rates in 2023.

The plunging trade deficit and stronger consumption mean Q3 GDP forecasts are much too low.

August chair powell consumption core cpi core pce core pce deflator core pce inflation cpi deficit easing economy energy fed fomc forecasts foreign trade gdp gdp forecasts growth households imports inflation July labor labor demand lower rates markets net foreign trade pce pce inflation policy powell q3 q3 gdp retail September supply trade trade deficit trade numbers u.s. vehicles wage costs wage growth winter

© 2020 Pantheon Macroeconomics
Tel: +1 914 610 3830

Consistently Right

Access Key Enabled Navigation

Keywords for: 29 Aug 2022 US Monitor

August, chair powell, consumption, core cpi, core pce, core pce deflator, core pce inflation, cpi, deficit, easing, economy, energy, fed, fomc, forecasts, foreign trade, gdp, gdp forecasts, growth, households, imports, inflation, July, labor, labor demand, lower rates, markets, net foreign trade, pce, pce inflation, policy, powell, q3, q3 gdp, retail, September, supply, trade, trade deficit, trade numbers, u.s., vehicles, wage costs, wage growth, winter, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence