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Joseph Politano: Forecasters see Q2 inflation rising to 6 percent annualized

Joseph Politano: Forecasters see Q2 inflation rising to 6 percent annualized
Forecasters expect Q2 inflation to double

Joseph Politano highlights a significant upward shift in professional forecasters' inflation expectations based on newly released data from the Philadelphia Federal Reserve.

According to Politano, the median forecaster now projects second-quarter inflation to reach a 6 percent annualized rate, twice the previous outlook. Projections for the third quarter have also risen, but to a lesser extent.

Politano has recently reported that Canadian GDP rose 1 percent year over year, marking the country's longest expansion streak in 2024. He also noted that EU industrial production increased 0.8 percent month-on-month, though annual output declined by 2.1 percent. The latest inflation expectations add to a series of closely watched economic indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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