Commentary On the longest day of the year, the U.S. House Committee on Financial Services welcomed Federal Reserve chairman Jerome Powell to address its concerns around inflation and weakness in the U.S. economy. Powell warned Congress that the fight against inflation is far from over, that the battle will be a long, hard slog, and…
How Is Inflation Measured? Understanding the Consumer Price Index
When prices surge across various sectors of the economy, you’ll start hearing analysts talk about inflation. Inflation is the devaluation of currency over time, meaning as goods and services become more expensive, the buying power of your money decreases. People will often first notice inflation by realizing that something they buy regularly is more expensive…
Inflation Cannot Hide on Amazon Prime
I have often heard it said that the first step in recovery from addiction is to admit that one has a problem. Well, I’m not afraid to admit that over the years I’ve become completely dependent on Amazon Prime for the vast majority of my grocery and household goods shopping. If it’s not something fresh…
Key Inflation Gauge Softens, but Remains Near 40-Year Highs
A key gauge the Federal Reserve uses to assess the pace of inflation against the central bank’s 2 percent target fell more sharply than analysts expected in July, though it remains at near 40-year highs, suggesting little reprieve is likely from the central bank’s fight to tame inflation by hiking rates. The core Personal Consumption…
Exxon, Chevron Post Blowout Earnings; Fed’s Main Inflation Figure at 40-Year High | NTD Business
Oil companies are posting record revenues, boosted by surging prices for crude oil and natural gas. The Federal Reserve’s favorite inflation figure hits a 40-year high. How does it compare to the more reported-on number? China could be giving up its 5.5 percent GDP target for this year. One analyst labels it a failure. A Chick-fil-A…
Key Inflation Gauge Inches Down But Remains Stuck In High Gear
A key inflation gauge heavily relied on by the Federal Reserve when setting interest rates inched down in May but remained elevated near multi-decade highs at a level more than twice the central bank’s inflation target, suggesting the Fed’s fight to relieve price pressures will be drawn out. The Fed’s preferred inflation gauge, the so-called…
Key Inflation Gauge Inches Down But Still Stuck at More Than Double Fed’s Target
A key inflation gauge heavily relied on by the Federal Reserve when setting interest rates inched down in May but remained elevated near multi-decade highs at a level more than twice the central bank’s inflation target, suggesting the Fed’s fight to relieve price pressures will be drawn out. The Fed’s preferred inflation gauge, the so-called…
Fed’s Favorite Inflation Gauge Jumps Again, Shows Price Pressures Stuck in High Gear
The Federal Reserve’s preferred inflation gauge, the so-called PCE price index, jumped again to a multi-decade high in the year through December, though it inched down in monthly terms, while an alternate measure that reflects underlying price pressures rose in both annual and monthly terms, suggesting inflationary woes are far from gone. The Commerce Department…
Key Inflation Gauge Pops Again, This Time Hitting Highest Level In Nearly 40 Years
The Federal Reserve’s preferred inflation gauge, the so-called PCE price index, vaulted again in November, this time hitting its highest level in nearly four decades and delivering a fresh data point reinforcing the persistence of inflationary pressures. The Commerce Department reported on Dec. 23 that the headline Personal Consumption Expenditures (PCE) price index rose by 5.7…
Goldman Sachs Sees US Core PCE Halving by End of 2022
Goldman Sachs has forecast growth in the U.S. core personal consumption expenditures (PCE) index to nearly halve by the end of 2022, as the U.S. bank expects a surge in commodity prices and supply-chain constraints to ease after causing near-term price spikes. Economists at Goldman Sachs expect the core PCE index—the Federal Reserve’s preferred inflation…
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