Natural disaster becomes an inflation driver? San Francisco Fed warns: El Nio could push 2027 PCE up by another 1 percentage point

Zhitong Finance APP has learned that the Federal Reserve Bank of San Francisco warned that a persistent El Nio weather phenomenon could intensify inflationary pressure in the United States in 2027, potentially driving the personal consumption expenditures (PCE) price index up by as much as 1 percentage point over the year.