HomeFinancial MarketsInflation Gauges May Support End of U.S., Eurozone Rate Hikes

Inflation Gauges May Support End of U.S., Eurozone Rate Hikes

Inflation gauges in the United States and Europe have indicated that inflation is rising at its lowest level since early and mid-2021, thereby raising bets that interest rates will not be raised again.

Set to be published on Thursday, the personal consumption expenditures price index is expected to rise 3.1% in October compared to the previous year. Core inflation is expected to rise by 3.5%. Euro-region data, also due Thursday, is seen to be rising 2.7%—the lowest rise since July 2021. The core measure is expected to slow down to 3.9%.

Despite expectations of a slowdown across the board, officials from both the Federal Reserve and the European Central Bank remain convinced that more evidence is needed in order to convince them that consumer prices are indeed under control.”We’re certainly not declaring victory,” European Central Bank President Christine Lagarde affirmed.

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