Federal Reserve Bank of Cleveland raises quarterly CPI outlook to 6.43%
Updated
Updated · The Motley Fool · May 5
Federal Reserve Bank of Cleveland raises quarterly CPI outlook to 6.43%
9 articles · Updated · The Motley Fool · May 5
Its April 30 nowcast also put annual inflation at 3.56%, after March's 3.3%, as the Iran war pushed West Texas Intermediate crude to about $106 a barrel.
The forecast rose from 4.71% on April 20, signalling inflation may persist longer as higher fuel, transport and production costs spread through the US economy.
The report suggests hopes for further 2026 Federal Reserve rate cuts have faded, leaving richly valued US stock indexes more exposed to a potential pullback.
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