November’s consumer prices figures leave inflation on course to fall someway below 1.0% next summer. But this won’t prevent the Fed from dropping its “considerable time” pledge from its policy statement later today. Given that the decline in headline inflation will last for only a year, the Fed will instead place more emphasis on the potential rise in core inflation linked to the stronger economy.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.