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INFLATION WATCH -- If a report due on Tuesday shows a higher-than-expected climb in consumer prices, inflation-wary bond investors may push market interest rates up sharply.
INFLATION WATCH -- The government will report on inflation at the producer level this week and at the consumer level next week.
Mr. Floyd, who edits Inflation Watch, a monthly newsletter for Leuthold, said he was most concerned about sky-high commodity prices.
TODAY'S recommended economics writing: (Lack of) inflation watch (Mark Thoma) The ethics of random clinical trials (Marginal Revolution) More immigration, higher house prices (Modeled Behavior) The jobs and economy roundtable (Democracy).
Most expect the FOMC to leave rates unchanged and that the statement will reflect an inflation watch that remains on red alert.
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The personal consumption expenditures index, a measure of inflation watched by Alan Greenspan, the chairman of the Federal Reserve, rose 0.3percentt, suggesting inflation remains under control.
The personal consumption expenditures price index, a measure of inflation watched closely by Alan Greenspan, the Fed chairman, rose 0.2percentt in July compared with a 0.3percentt gain in June.
The personal consumption expenditures price index, a measure of inflation watched by the Federal Reserve chairman, Alan Greenspan, dropped 0.1percentt and is up 1.3percentt over the last 12 months, compared with 1.6percentt in the year ended in October.
So although the Bank has been able to draw on other sources of information, such as private-sector surveys, the lack of an official earnings series left a gap in its inflation-watching kit.And is the new series reliable?
INFLATION hawks watch measures of inflation expectations for signs that money-printing central banks are weakening price stability.
At the same time, an annual measure of inflation closely watched by the Fed, known as the index for personal consumption expenditures, was unchanged at 1.9percentt in July.
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CEO of Professional Science Editing for Scientists @ prosciediting.com