High relative to Bloomberg consensus , +0.4% vs. +0.3% m/m for headline, +0.3 vs. +0.2% for core: Figure 1: CPI (blue, left scale), Bloomberg consensus (light blue square, left log scale), core CPI (red, right log scale), Bloomberg consensus (red triangle, right log scale), 1982-84=100. Source: BLS, Bloomberg. How do the various measures compare? Figure […]
Senior policymakers agreed it was prudent to raise rates to dampen upside inflation risks despite elevated uncertainty and the presence of economic slack, according to meeting minutes.