— Bloomberg TV (@BloombergTV) October 1, 2021
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.
— 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
— 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.
— Nick Timiraos (@NickTimiraos) October 1, 2021
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.