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post: Powell: We’ve Seen Demand for Workers Cooling Off Pretty Substantially Powell: You Also See Wages Coming Down Powell: I Think That Tells You That Policy is Probably Restrictive post: Powell: Credit Has Been Tight for Some Time Powell: Credit Growth Has Been Modest post: Powell: We’re Not Sitting Around Wondering About Longer-Run Neutral When We Make Policy Today post: Powell: US Banking System Overall is in Good Shape Powell: Our Large Banks Are Strong, Well Capitalized post: POWELL: LENDING ACTIVITIES BY NONBANKS ARE GROWING VERY, VERY FAST POWELL: WE NEED TO MONITOR THAT VERY CAREFULLY POWELL: VERY FAST GROWTH IN ANYTHING RAISES FINANCIAL STABILITY CONCERNS
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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 ...