Inflation Remains Subdued Ahead of Fed Meeting
Posted at 10:15 a.m. on Feb. 22
The Federal Reserve Bank of Cleveland released its latest inflation measurement, showing that “the median Consumer Price Index rose 0.2% (2.6% annualized rate) in January.”
The Bureau of Labor Statistics found the seasonally adjusted CPI for all urban consumers was unchanged in January, as it was in December.
Bill McBride: “with this low level of inflation and the current high level of unemployment, I expect the Fed will keep the “pedal to the metal” at the meeting of March 19th and 20th.”
Tyler Cowen explains why we shouldn’t expect inflation to spike suddenly.