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post: Fed’s Powell: US Economy Has Been Performing Very Well Fed’s Powell: US Economy Has a Very Strong Labor Mkt Fed’s Powell: Households Are in Good Shape Financially post: Powell: Overall a Good Picture Looking at US Economic Data So Far Fed’s Powell: Labor Mkt is Coming Back Into Better Balance Powell: Labor Mkt Moving Back Into Better Balance post: Powell: Signs of Gradual Cooling in the Labor Mkt with Supply and Demand Getting Into Better Balance Powell: Inflation in Q1 Was Notable for the Lack of Further Progress Powell: We Did Not Expect a Smooth Road on Inflation, We Have to Be Patient and Let Policy Do Its Work post: Fed’s Powell: We Expect Continued GDP Growth 2% or Better Powell: We Expect the Labor Mkt to Continue to Rebalance but Remain Strong Fed’s Powell: Expect Inflation Will Move Back Down Powell: Expect Inflation to Move Down Back to Levels More Like Last Year post: Fed's Powell: my confidence in inflation moving back down is lower than it was.
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CPI for April will be released on Wednesday. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY). Here are a couple of analyst's forecasts. From BofA: For the April CPI report, we forecast headline CPI rose by 0.3% m/m. Based on our forecast, the y/y rate should tick down to 3.4%. The main factor behind our ...