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Slow Rise in Consumer Prices May Stymie the Fed
Keywords:
An index for consumer prices for the U.S. was up only 0.8% for the 12 months of 2014, according to the Bureau of Labor Statistics. This is well below the U.S. central bank's target of 2% inflation. It creates uncertainty about whether the U.S. Fed will raise interest rates in 2015.
The expectations for inflation in 2014-2016 and U.S. Federal Reserve chairwoman Yellen's response
05/12/2014
Bernanke pointed to low inflation below the Fed's 2% target during the period of quantitative easing policies in 2010-2013. Higher prices of medical care, housing and import prices are expected in the rest of 2014. Analysts say this will taper off and inflation expectations are still much below 2% for 2014, especially as large number of part time workers keeps wage growth at a low level, and is likely to do so for a considerable period probably into 2015. Higher energy and food costs are not included in the core index for inflation the Fed looks at.
Grouped Articles
Markets Watch, Warily, for a Small Bump in Inflation
Wall Street Journal 05/12/2014
Fed Panel Has Begun to Address How to Gradually Raise Rates
New York Times 05/21/2014
WSJ's Hilsenrath: Fed Can Be Patient on Rate-Hike Debate After Data
Wall Street Journal 08/02/2014
Fed Minutes Show Wariness Over Global Growth
Wall Street Journal 10/08/2014
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
New York Times 10/16/2014
Blanchflower and Posen call for the U.S. Federal Reserve to use wage growth as the best indicator of unemployment, after the misleading 288,000 jobs report of April 2014
06/06/2009
A renewed focus on the partcipation rate as the unemployment rate declines to 6.3% in April 2014. As this only counts people looking for work and many Americans have dropped out of the labor market because jobs they seek do not exist, the unemployment rate in this situation is misleading. Blanchford and Posen have written a paper on this and say the flat wage rate in March and April 2014 with no improvement in the participation rate provides a true picture of the large slack in the economy.
Grouped Articles
In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times 05/05/2014
Wall Street Journal 05/05/2014
Little Agreement on Reasons for Declining Labor-Force Participation
Wall Street Journal 05/05/2014
Positive Jobs Report Shows Economic Fault Lines
Wall Street Journal 05/05/2014
Jobs Data May Be Icing on America's Birthday Cake
Wall Street Journal 07/03/2014
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
U.S. Consumer Price Index and the Fed
04/05/2011
CPI, Core CPI, trimmed CPI, Owners' equivalent rent and other measures of inflation
Grouped Articles
Inflation Below Fed Target for 22nd Month in a Row
Wall Street Journal 03/29/2014
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
Slow Rise in Consumer Prices May Stymie the Fed
New York Times 01/16/2015
Inflation Could Freeze the Fed in Place
Wall Street Journal 01/19/2015
Dollar Will Keep Jabbing at the Fed
Wall Street Journal 03/25/2015
Housing Bubble Continues to Haunt Fed
Wall Street Journal 04/05/2011
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