Inflation

Consumers’ inflation expectations held, but respondents’ optimism about income and spending slid.

Consumers’ inflation expectations grew, but respondents’ optimism about income held, according to the April Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Calling for gradual and patient interest rate hikes, Federal Reserve Bank of Dallas President Rob Kaplan warned that three major challenges to the economy’s health must be addressed.

With inflation remaining stubbornly low, Federal Reserve Bank of Philadelphia President Patrick T. Harker said Wednesday he’s “penciled in” two rate hikes this year.

U.S. import prices rose 1.0% in January on a 4.7% rise in fuel prices and a 0.4% rise for import prices outside of fuels, the strongest gain for that core series since March 2012.

U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades.

Federal Reserve Bank of Cleveland President Loretta Mester suggested Tuesday three rate hikes would be appropriate this year and next.

Consumers’ inflation expectations dipped, but respondents see households’ financial condition improving.

The Federal Reserve will raise interest rates in March, followed by one or two more in 2018, former Fed Gov. Randall Kroszner predicted Thursday night.

By setting a target, central banks have been able to keep inflation low and stable, Federal Reserve Bank of St. Louis President and CEO James Bullard said Thursday.

The Federal Open Market Committee raised the federal funds target rate 25 basis points to a range of 1.25% to 1.50%, the Fed announced Wednesday.

The Fed plans to raise rates in December and three times next year. Mary Ann Hurley, vice president of fixed income trading at D.A. Davidson & Co., warns this could invert the yield curve, which often signals recession.

Dragged down by prices not sensitive to the economy, inflation should rise next year, Federal Reserve Bank of San Francisco President John Williams says.

Blaming “transitory factors” for low inflation rates, Federal Reserve Board Chair Janet Yellen said Wednesday she expects gradual fed funds rate increases for “the next few years.”

Modest gains in health-care prices have kept inflation levels low, according to a Federal Reserve Bank of San Francisco Economic Letter, released Monday.

A rate hike should be appropriate “in the near future,” said Federal Reserve Bank of Dallas President Rob Kaplan.

Federal Reserve officials deem another increase in their benchmark short-term interest rate appropriate even as worries over a longer lasting shortfall in inflation deepened.

Federal Reserve Chair Janet Yellen cautioned that raising interest rates too quickly risked stranding inflation below the U.S. central bank’s 2% target.

A global perspective must be used to prepare for the next recession, even though it’s not on the near horizon, Federal Reserve Bank of San Francisco President John Williams said Thursday.

Federal Reserve officials are pushing for a potentially radical revamp of the playbook for guiding U.S. monetary policy, hoping to seize a moment of economic calm and leadership change to prepare for the next storm.