The combination of stubborn supply disruptions and elevated energy prices will prevent producer prices from reverting to more normal patterns until later this year," writes Mahir Rasheed, U.S. economist at Oxford Economics, adding that the report's "reinforce the case for the FOMC to commence rate liftoff at next month's policy meeting with a rate hike of at least 25 (basis points)."
Neutral
Neutral
Oxford Economics
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Neutral
FOMC