1445 ET - After a better-than-expected CPI report this morning, some economists are penciling in a March 12-month core PCE inflation rate of 2.6% or so, a potential improvement from 2.8% in February. Chicago Fed President Austan Goolsbee says, however, that it will be important for the central bank to focus on the most recent monthly data -- and where inflation is heading next -- when it considers its next move at the May meeting. "What matters is not the 12 months looking backwards," Goolsbee says to reporters in New York City. He notes that the most recent 12-month inflation numbers include a period from last year when monthly inflation was cooling significantly, and before tariffs were looming imminently as a new source of additional inflation pressure. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
April 10, 2025 14:46 ET (18:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.