Market news
27.03.2024, 15:00

US: Little reason to think doubts over the disinflation path will persist – ABN Amro

Is inflation heating up again? Economists at ABN Amro think not.

Fed to begin lowering rates from June

The bottom line is that pipeline price pressures still point to significant disinflation to come, especially from housing rents, with rents for new leases growing at rates below the pre-pandemic trend already for the past half year. This takes time to feed through to inflation, with past relationships suggesting a lag of around one year. The other key pipeline pressure is wage growth, but this also looks relatively benign.

Inflation is forecast to be somewhat higher in the near term, but this largely reflects the earlier rise in oil prices than we anticipated; our year-end forecast for inflation is essentially unchanged. 

With disinflation in our view very much on track, we therefore think the Fed remains on course to start lowering rates from June.

 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location