Consumers see inflation easing considerably in the next year, New York Fed survey shows
Jeff Cox CNBCDecember 12, 2022 Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New York Federal Reserve survey released Monday. The central bank’s Survey of Consumer Expectations indicated that respondents see one-year inflation running at […]
US Year-Ahead Inflation Expectations Fall to Lowest Since 2021
Reade Pickert and Augusta Saraiva BloombergDecember 9, 2022 One-year price views dropped to 4.6% in early December University of Michigan sentiment index climbed to 59.1 US short-term inflation expectations unexpectedly declined to the lowest level in more than a year and consumer sentiment picked up, helped by falling gasoline prices. Consumers expect prices will climb […]
US inflation powering ahead in October, inflation cooling
Lucy Nicholson ReutersDecember 1, 2022 U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the Federal Reserve’s aggressive monetary policy tightening.The labor market, the economy’s other pillar of support, continues to show resilience. The number […]
Reasons Are Adding Up for Optimism on Inflation
John Authers BloombergNovember 6, 2022 Reasons to Be CheerfulWelcome to Inflation Week. In the US, the week ahead will be punctuated by widespread school closures on Tuesday for midterm elections, by what could well be another drawn-out vote-counting process, and by Veterans Day (Armistice Day in the UK) on Friday. The big moment for financial […]
Fertilizer Prices Fall as Gluts Emerge After Farmers Pull Back
Elizabeth Elkin and Tarso VelosoBloombergOctober 18,2022 US, Brazilian growers are pulling back on nutrient purchases Some prices still trading nearly five times historical average (Bloomberg) —Fertilizer prices are falling as farmers balking at the high costs of nutrients hold off on purchases, driving down demand and causing gluts that are upending the market for crop […]
US Immigration Rebounds But Remains Far From Plugging Labor Gaps
Jonelle Marte and Augusta SaraivaBloombergOctober 5,2022 Pandemic, visa-processing slowdown spurred new-worker dropoff – Lack of labor triggered wage increases, adding to inflation(Bloomberg) –Immigration to the US is rebounding after a sharp two-year slowdown, but the pickup is unlikely to plug the pandemic-induced gap in new arrivals amid persistent employee shortages in industries reliant on foreigners.Nearly […]
Signs emerge that the big drivers behind this hot inflation reading are starting to cool
Ron Insana CNBC October 14, 2022 Whether the financial markets have correctly priced in “peak inflation” and a potential Federal Reserve pivot is a topic for another day. But there is ample evidence that the inputs that drove inflation higher, especially in the goods sector, are heading back to Earth. A disinflation checklist may be […]
Overdone recession fears: Top economist Mark Zandi predicts inflation will moderate in next six months
Mark Zandi CNBC October 12, 2022 The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics.His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll […]
US Job Openings Drop to 14-Month Low in Welcome Sign for Fed
Reade Pickert Bloomberg October 4, 2022 Vacancies declined by 1.1 million in August, most since 2020 There are some 1.7 openings per unemployed worker, down from 2 US job openings plummeted in August by the most since early in the pandemic, likely a welcome sign for Federal Reserve officials as they seek to cool demand […]
US Services Growth Remains at Solid Pace, Price Pressures Ease
Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for […]