You know.. your local mainstream media.. “the growth is exploding”LOL.. real GDP relative to inflation still negative… El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed

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El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed

  • Calling inflation “transitory” was a historically bad move for the Fed, according to Allianz Chief Economic Advisor Mohamed El-Erian.
  • The comments came after the Labor Department reported that the consumer price index rose 6.8% from a year ago in November.
  • The Fed has a policy meeting this week during which it is expected to act to combat inflation.

US Wholesale Price-Spike Worst in the Data, Even Services

Even as consumer price inflation has spiked at the worst rate in 40 years, far-worse inflation rages further up the price pipeline as it’s flowing toward consumer prices. Going up the inflation pipeline of goods and services from the Consumer Price Index (CPI), we first get to the producer Price Index (PPI) for Final Demand, and further up the price pipeline, we get to the four stages of the PPI for Intermediate Demand.

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Small Business Outlook Tumbles To Record Low As Tax Hikes, Regulation Loom

It’s not just ‘average joe’ Americans whose sentiment is slumping (amid soaring inflation and lagging wage growth), the latest survey from the National Federation of Independent Business (NFIB), shows small businesses have never been more pessimistic about the outlook for business…

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