The producer price index was unchanged on the month, while the core metric was running at the target level, rising by 0.2%. … READ MORE >
U.S. inflation
Muted inflation in July should keep Fed on hold
Market expectations for a Fed rate hike in September declined from 47% before the publication of the report to 35% after. … READ MORE >
Market Minute: Lagging wages are the root of the affordability crisis
Although core inflation looks a bit more benign than topline inflation, RSM expects July’s U.S. labor data to reflect flat growth in real wages amid an ongoing affordability crisis. … READ MORE >
U.S. records deflation for the first time since 2020
Core CPI was unchanged in June as many other categories in the inflation report also showed falling prices, including used cars, education, apparel and commodities. … READ MORE >
RSM’s U.S. midyear economic update: Supply shocks ease
We expect that rate to accelerate to 2.5% in the current quarter and 2.1% during the final three months of the year. … READ MORE >
Market Minute: Guns, butter and inflationary pressures
The increase in defense spending is boosting GDP and the labor market, but also adding pressure to inflation. … READ MORE >
Market Minute: What does the Dallas Fed trimmed mean tell us about inflation?
Investors will be looking at alternative measures like the Dallas Fed PCE trimmed mean, one of Fed Chair Kevin Warsh’s preferred inflation metrics. … READ MORE >
Inflation peaked in May—but return to pre-war levels not coming soon
While it is highly likely that U.S. inflation peaked in May, one should not anticipate a return to pre-war levels of inflation any time soon. … READ MORE >
Market Minute: Warsh will face a searing credibility test
How will the new Fed chair balance his stated receptiveness to rate cuts with the recent rise in inflation? … READ MORE >
Inflation outpaced wage growth in May as CPI rose by 4.2%
Inflation in May pushed past 4% for the first time in more than three years because of rising energy, gasoline, transportation and airfare costs. … READ MORE >