Here's what economists say to expect from Friday's inflation report
Here's what economists say to expect from Friday's inflation report
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed’s 2% annual target.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article makes a general claim about economists' expectations for inflation. However, the provided sources, while discussing inflation and jobs reports, do not directly support the specific claim about September inflation climbing further away from the Fed's 2% target. The article exhibits a moderate bias by presenting a potentially negative outlook on inflation without sufficient supporting data from the provided sources.
Detailed Analysis:
- Claim: Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
- Verification Source #1: This source discusses expectations for an inflation report, but it pertains to August, not September, and anticipates a decline in the annual inflation rate.
- Verification Source #2: This source discusses the February jobs report and does not mention inflation expectations for September.
- Verification Source #3: This source discusses the August jobs report and its implications, but does not mention inflation expectations for September.
- Verification Source #4: This source discusses inflation numbers in relation to the Bank of Canada, not the U.S. Federal Reserve, and does not pertain to September.
- Verification Source #5: This source discusses the August jobs report and expectations for the unemployment rate, but does not mention inflation expectations for September.
- Assessment: Unverified. The provided sources do not support the claim about September inflation climbing further away from the Fed's target. Some sources discuss earlier months and job reports, but none directly address the specific claim.
Supporting Evidence/Contradictions:
- Source 1 anticipates a decline in the annual inflation rate for August, contradicting the claim that inflation continued to climb in September.
- None of the provided sources directly support the claim that economists expect inflation to climb further away from the Fed's 2% target in September.