"Inflation isn't going down. Inflation is hot, hot at the core level," @bopinion's Mohamed El-Erian tells @ferrotv t.co/J0yJOrfwmP pic.twitter.com/jWJ4QZcq0v
— Bloomberg TV (@BloombergTV) October 1, 2021
Powell Says Fed Faces ‘Difficult Trade-Off’ if Inflation Doesn’t Moderate: WSJ
The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next.
#recession … #GFC2 US #Stagflation edition#PCE #inflation 📈 t.co/DzWUOMTiTK
— Invariant Perspective (@InvariantPersp1) October 1, 2021
Cotton prices ended September at their highest levels in over 10 years… pic.twitter.com/vWYhoiRmkO
— Charlie Bilello (@charliebilello) October 1, 2021
Core PCE inflation forecast from MRB suggest long term return to 2 %. t.co/jdqZNdidwu pic.twitter.com/ZCbqFOTtOx
— Adam Tooze (@adam_tooze) October 1, 2021
Core consumer prices, using the Fed's preferred gauge, rose 3.6% from one year earlier in August.
Using 24-month annualized prices (to avoid base effects, per Brainard), core inflation is up at a 2.6% rate t.co/r2Hby8LWnN pic.twitter.com/Yzjl9bYnXM
— Nick Timiraos (@NickTimiraos) October 1, 2021
US Manufacturing Surveys Show Growth Mixed, Selling-Prices At Record High
With both ‘hard’ and ‘soft’ data showing notable weakness recently (more the surveys catching down to hard data’s reality), analysts expected the latest Manufacturing survey data (for September) to show slowing growth.