Fed's Key Inflation Gauge Jumps 0.5% in September, America's Rising Costs to 'Punish' Democrats

ຕົວຊີ້ວັດອັດຕາເງິນເຟີ້ທີ່ສໍາຄັນຂອງທະນາຄານກາງສະຫະລັດ, ດັດຊະນີລາຄາການໃຊ້ຈ່າຍສ່ວນບຸກຄົນ (PCE) ເພີ່ມຂຶ້ນ 0.5% ໃນເດືອນກັນຍາ, ອີງຕາມຂໍ້ມູນທີ່ເປີດເຜີຍໂດຍກະຊວງການຄ້າສະຫະລັດໃນວັນທີ 28 ເດືອນຕຸລາ. ໃນຂະນະດຽວກັນ, ຕະຫຼາດຄາດວ່າຈະມີຄວາມແນ່ນອນເກືອບວ່າລັດຖະບານກາງ. ຄັງສຳຮອງຈະປັບຂຶ້ນອັດຕາອັດຕາດອກເບ້ຍທີ່ສີ່ຕິດຕໍ່ກັນໂດຍ 75 ຈຸດພື້ນຖານ (bps) ໃນເດືອນໜ້າ. ໃນຂະນະທີ່ນັກລົງທຶນລໍຖ້າອັດຕາເງິນເຟີ້ຂອງທະນາຄານຕໍ່ໄປ, ການເລືອກຕັ້ງກາງສະໄໝເລີ່ມຕົ້ນໃນວັນທີ 8 ພະຈິກ ແລະບົດລາຍງານກ່າວວ່າອັດຕາເງິນເຟີ້ແມ່ນໜັກໜ່ວງຢູ່ໃນໃຈຂອງຊາວອາເມຣິກັນສ່ວນໃຫຍ່.

PCE Increases by 0.5% in September, Fed to Hike Rate by 75bps, Democrats Ignore Inflation Complaints

On Friday, Oct. 28, 2022, the U.S. Commerce Department ຈັດພີມມາ the latest PCE data for September and data shows a 0.5% increase from the month prior and a rise of 5.1% during the past year. The PCE is considered the Fed’s preferred measure of inflation as it shows the measure of personal income and disposable personal income (DPI) metrics. “Personal income increased $78.9 billion (0.4 percent) in September,” the Bureau of Economic Analysis (BEA) said on Friday.

Fed's Key Inflation Gauge Jumps 0.5% in September, America's Rising Costs to 'Punish' Democrats — Inflation has caused a headache for Joe Biden and the Democrats as midterm elections start on Nov. 8, 2022.

The increase in wage growth has been high, alongside the latest consumer price index (CPI) ບົດລາຍງານ that noted U.S. consumer prices jumped 8.2% in September. The most recent data published by the BEA on Friday has made analysts believe the Fed will add another three-quarters of a percentage point next week. “The level of wage growth is still very high, even if it is moving in the right direction,” Laura Rosner-Warburton, a senior economist at Macropolicy Perspectives ບອກ the New York Times. The economist added:

It’s probably putting upward pressure on services inflation.

Markets are near-certain a 75bps rate hike is in the cards for the next Fed rate increase. However, CNBC’s financial reporter Jeff Cox ເວົ້າວ່າ: “markets think the Fed might downshift the pace of its rate hikes ahead.” According to Cox’s data, there’s a 60% chance the Fed will go softer in December with a 50bps hike. Surprisingly, on Oct. 26, the Bank of Canada ເພີ່ມຂຶ້ນ its benchmark bank rate by 50bps when the market expected a 75bps rise. In addition to the Federal Reserve’s next meeting, the U.S. midterm elections will start polls on Nov. 8, and reports say Democrats may get punished by voters over inflation.

Amid the skyrocketing inflation, an ບັນນາທິການ published by the Economist opines “Joe Biden’s protectionism is costly for America and the world.” USA Today’s Ingrid Jacques detailed how Democrats are concentrating on leveraging abortion as a pressing issue, while Americans seem to think inflation is a more pressing matter. For instance, instead of answering a question concerning the topic of inflation, Georgia’s Democratic candidate for governor, Stacey Abrams, went right back to talking about abortion.

“Democrats have overplayed their hand, and voters know it,” Jacques ອະທິບາຍ ໃນວັນທີ 29.

ປ້າຍຊື່ໃນເລື່ອງນີ້

75 ຄະແນນພື້ນຖານ, 75bps, ນັກວິເຄາະ, BEA, ຫ້ອງການວິເຄາະເສດຖະກິດ, ICC, ນັກເສດຖະສາດ, ອັດຕາເງິນເຟີ້, ຂໍ້ມູນເງິນເຟີ້, Ingrid Jacques, Jeff Cox, Laura Rosner-Warburton, Macropolicy Perspectives, PCE, ກັນຍາ, September inflation, Stacey Abrams, ກະຊວງການຄ້າສະຫະລັດ, ອັດຕາເງິນເຟີ້ຂອງສະຫະລັດ, US

What do you think about the inflation data in the United States and the possibility of the Fed raising the rate by 75bps? Let us know what you think about this subject in the comments section below.

Jamie Redman

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