It feels like companies — at least big consumer focused ones — are reaching the limit of what they can do in terms of raising prices. https://t.co/2eREVrwItP pic.twitter.com/OOZC5IqDLO
— Joe Weisenthal (@TheStalwart) May 18, 2022
Here's retail sales adjusted for inflation: pic.twitter.com/VtD26YY6xe
— Mac10 (@SuburbanDrone) May 17, 2022
Even the cleanest inflation measure – 2-year core HICP at annual rate – has risen above 2% for the first time in nearly two decades. pic.twitter.com/7EVX3kMMQt
— Frederik Ducrozet (@fwred) May 18, 2022
Walmart received a big beating after reporting yesterday
First cracks in the otherwise stable staples? pic.twitter.com/pVLN9HpWa5
— Andreas Steno Larsen (@AndreasSteno) May 18, 2022
US Mortgage Applications dropped once again, with the MBA Purchase Index slumping to its weakest in over 2 years
In 2021, 87% (!) of home buyers financed their home with a mortgage
Given the increased prices, higher rates & lower real wage they are understandably scaling back pic.twitter.com/NQGN0S1PWp
— Alf (@MacroAlf) May 18, 2022
from BofA Fund Managers Survey. Profit expectations pic.twitter.com/y0moSRM7hk
— Thomas Thornton (@TommyThornton) May 18, 2022
https://twitter.com/MFHoz/status/1526905789348253696
*YELLEN: RELEASES FROM SPR HELPING TO STABILIZE GASOLINE PRICES
"stabilizing" at new record highs every single day
— zerohedge (@zerohedge) May 18, 2022