ECB’s Own Measure of Wage Increases Blows Fuse, Sets Off Alarms about Stubbornly Hot Services Inflation by Wolf Richter • Nov 20, 2024 • 29 Comments Meanwhile, the ECB’s QT marches on, balance sheet has shed €2.45 trillion since the peak, or 59% of its pandemic QE.
After More Up-Revisions, “Core” PPI & “Core Services” PPI Inflation Get Much Worse, Accelerating All Year by Wolf Richter • Nov 14, 2024 • 76 Comments But goods prices are relatively tame. Energy prices plunge.
Beneath the Skin of CPI Inflation: Overall CPI Accelerates for 4th Month, “Core” CPI for 3rd Month on Re-spiking Used Vehicle Prices & Rising Homeowner Costs by Wolf Richter • Nov 13, 2024 • 68 Comments Year-over-year, CPI and “core” CPI are starting to show the effects of the month-to-month increases since the “inflation is vanquished” summer.
Inflation Doesn’t Want to Cooperate: PCE Price Indices for Core, Core Services, and Durable Goods Worsen Further MoM by Wolf Richter • Oct 31, 2024 • 60 Comments The YoY “core” PCE price index, the Fed’s yardstick for its 2% target, rose 2.65%, with no progress over the past 5 months. But energy prices plunged.
Used Vehicles Getting Ready to Turn into Inflation Headwind, after Historic Plunge Had Powered Core CPI “Deceleration” by Wolf Richter • Oct 18, 2024 • 93 Comments The used-vehicle pipeline is messed up for years to come.
What If There’s No Landing at all, But Flight at Higher Speed and Altitude than Normal, with Higher and Rising Inflation? by Wolf Richter • Oct 13, 2024 • 194 Comments That scenario is re-emerging as a real possibility in recent economic data.
After Large Up-Revisions, “Core” & “Core Services” PPI Inflation Not Benign at All. Whole Scenario Changed for the Worse by Wolf Richter • Oct 11, 2024 • 131 Comments Six-month core PPI: +3.4%. Six-month services PPI: +3.7%. Year-over-year, both also accelerated further. But energy prices plunged.
Beneath the Skin of CPI Inflation: “Core CPI” Accelerates for 3rd Month on Sharp Flip of Used Vehicle Prices, Sticky Services Inflation. Gasoline Plunged by Wolf Richter • Oct 10, 2024 • 185 Comments Surging homeowner insurance and other homeowner costs fuel OER CPI, which is now hotter than rent CPI.
Mortgage Rates Explode, 2-Year & 10-Year Treasury Yields Spike, Monster Rate-Cut Hopes Doused, Inflation Fears Resurface: Yield Curve Before & After the Rate Cut by Wolf Richter • Oct 5, 2024 • 138 Comments The yield curve moved further toward un-inversion, but not the way it was hoped.
Fed Favored Annual Core PCE Price Index Accelerates to 2.7%, Highest since April, on Higher Core Services Inflation (+3.8%). Durable Goods -2.2%, Energy -10% by Wolf Richter • Sep 27, 2024 • 85 Comments Housing costs jumped. Stubbornly high housing inflation has frustrated Powell for a long time.
