Powell’s Key Indicators Shaping the Fed’s Rate Path

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Powell’s Key Indicators Shaping the Fed’s Rate Path
News & Feeds

Powell’s Key Indicators Shaping the Fed’s Rate Path

Federal Reserve Chair Jerome Powell, seeking to respond quickly to incoming data, has brought up a handful of key economic indicators in explaining his view of monetary policy. The most important of those is the consumer price index, followed by the University of Michigan survey of inflation expectations, according to economists surveyed by Bloomberg. Two-thirds cited the CPI as the most important indicator, and a majority cited the Michigan survey of 5- to 10-year expected inflation as either the most or second-most important indicator. Powell cited both in June — as well as the Fed’s index of common inflation

Read More…https://www.bnnbloomberg.ca/powell-s-key-indicators-shaping-the-fed-s-rate-path-1.1795647