The main driver behind the recent move higher in U.S. 10 - year yields has been a rising U.S. 10 - year inflation breakeven rate, which now implies average
headline inflation above 2 % over the next decade.
Currently, ten of the eleven EMU countries have
headline inflation above the euro area target rate of 2 per cent.
Not exact matches
All this because the arm - waving following the summer's run to $ 147 - a-barrel crude — which briefly pushed the
headline consumer price index
above 5 % — scared the Fed into wanting to look tough on
inflation.
In mid-2008, he said, the Fed could have stayed on the sideline even with
inflation above 5 % «by laying out a clear explanation for why
headline inflation is high and why you aren't taking immediate action.»
We still expect
headline inflation to move
above 2 per cent on a sustained basis, but it is taking a bit longer to get there than we had earlier expected.
They will need to cope with increasing drag from the advanced economies and moderating growth in the emerging markets, shifting risk preferences on the part of investors and a surge in
inflation that has brought
headline rates well
above targets globally.
In the United Kingdom,
headline inflation is close to 3 percent on an annual basis, higher than the central bank's projected target of 2 to 2.5 percent; and in the United States, consumer
inflation remained
above the central bank's 2 - percent target until May of this year before slipping modestly.
Our econometric model projects that
headline Consumer Price Index (CPI)
inflation will reach 2.2 % by the fourth quarter of 2016, significantly
above the US Federal Reserve's (Fed's) and the market's expectations.
The
headline CPI has been held down by low oil prices; as this reverses due to the OPEC supply reduction agreement,
headline inflation will climb
above the core rate.
BOE now expects
headline inflation to rise
ABOVE 3.0 % in October instead of merely hitting the mark next month.