Cpi Forecast May 2024. A key measure of underlying us inflation stepped down for a second month in may, a pleasant surprise for federal reserve officials looking for signs that they can start to. The federal reserve bank of cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (pce) and the consumer.
In turn, should cpi surprise on the topside this would likely add to the risk of a fed pause at the december meeting. At the same time, the core cpi unexpectedly widened to 3.3% from 3.2% during the same period, with the update from the.