The wholesale inflation data shows the lagged impact of rising diesel prices on transport and food costs. … READ MORE >
U.S. inflation
Inflation remains hot, pointing to Fed rate hikes
Inflation arrived hot once again in October with the Consumer Price Index increasing by 0.4% on the month and by 0.3% in the core rate. While the headline rate arrived at a slower pace compared to the sizzling increase of 0.6% in September, core inflation, which excludes the more volatile … … READ MORE >
The American economy is running hot—just like inflation
We anticipate that more challenging income dynamics underlying the data will result in a slowing of GDP back toward 2.5% to close out a strong year. … READ MORE >
A hawkish Fed holds rates steady amid rising inflation
The Federal Open Market Committee kept its policy rate in a range between 3.75% and 4% on Wednesday as it opted for the status quo days before the midterm elections. … READ MORE >
Market Minute: Get ready for a consequential week
Next week’s economic releases and policy decisions will affect asset pricing and expectations for interest rates. … READ MORE >
Rising inflation in September shows more evidence of triple supply shock
With CPI rising by 0.6% on the month and by 3.7% compared to a year ago, it is clear that the central bank will need to act to restore price stability. … READ MORE >
Market Minute: As CPI stays elevated, real wages decline
The Consumer Price Index for September is likely to increase by 0.6% on the month and by 3.6% annually when the data is released on Oct. 14. … READ MORE >
Expansion accelerates as inflation remains elevated
Household spending strengthened in September, and revised second-quarter gross domestic product shows the economy entered midyear on firmer footing than initially estimated. … READ MORE >
Market Minute: Rate hikes coming to a central bank near you
We expect global central banks to raise their policy rates to counter the energy shock and the inflation that is once more taking hold. … READ MORE >
What do higher yields look like? Our model shows their impact.
We modeled a serios of shocks to identify the impact on growth, employment and inflation. The results show the challenge of bringing down inflation. … READ MORE >