Inflation revisions don’t generally make waves. But they did last year and it’s for this reason that investors are preparing for what Friday’s updated data might show. On Friday, the Bureau of Labor Statistics will release a routine annual recalculation of previous consumer-price index readings for the period between January 2019 and December 2023, to update seasonal factors.In some corners of the financial market and even within the highest rungs of the Federal Reserve system, there’s anticipation over what 2023’s revisions will look like. Fed Gov. Christopher Waller indicated as much three weeks ago, when he said he would be watching this round of updates closely because of the potential for it to change the picture on inflation. Read: Is an inflation shock coming? Wall Street is on guard.At about this same time last year, BLS released revisions to 2022 CPI readings which showed that inflation hadn’t slowed in the final two months of that year as much as initially thought.
Revisions to CPI readings, released in February 2023, showed upward revisions to the final two months of 2022.
Haver Analytics, Bureau of Labor Statics, RBC Capital M …
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Revisions to CPI readings, released in February 2023, showed upward revisions to the final two months of 2022.
Haver Analytics, Bureau of Labor Statics, RBC Capital M …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]