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Here comes CPI …

AP Photo/Matt Rourke

The Department of Labor will release its monthly consumer price index (CPI) at 8:30 a.m. ET. 

Economists forecast that the gauge of consumer-price changes was flat in May amid low gas prices, and up 2% year-on-year, according to Bloomberg. Excluding volatile food and energy costs, so-called core CPI is forecast to rise 0.2% from April, and 2% from May 2016. 

This data comes ahead of the end of the Fed’s two-day meeting, after which it’s expected to announce a hike in interest rates. Interest-rate doves, who would rather delay further rate increases, would note that the Fed’s preferred gauge of inflation — personal consumption expenditures — has not reached its 2% target. 

Fed officials, however, are likely to view soft inflation as being transitory, and point to the labor market’s gains. 

More to come … 

NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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AP Photo/Matt Rourke

The Department of Labor will release its monthly consumer price index (CPI) at 8:30 a.m. ET. 

Economists forecast that the gauge of consumer-price changes was flat in May amid low gas prices, and up 2% year-on-year, according to Bloomberg. Excluding volatile food and energy costs, so-called core CPI is forecast to rise 0.2% from April, and 2% from May 2016. 

This data comes ahead of the end of the Fed’s two-day meeting, after which it’s expected to announce a hike in interest rates. Interest-rate doves, who would rather delay further rate increases, would note that the Fed’s preferred gauge of inflation — personal consumption expenditures — has not reached its 2% target. 

Fed officials, however, are likely to view soft inflation as being transitory, and point to the labor market’s gains. 

More to come … 

NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2snKow4

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!

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