Corporate Pricing Power and Therefore Inflation Not Vanquished, Says Renewed Spike in Corporate Profits in Most Industries by Wolf Richter • Sep 26, 2024 • 98 Comments More evidence that underlying inflation dynamics are thriving.
Days after Rate Cut, S&P’s Flash PMI Sees Rising Inflation and Exhorts the Fed to “Move Cautiously” with “Further Rate Cuts” by Wolf Richter • Sep 23, 2024 • 130 Comments “The “reacceleration of inflation” suggests “the Fed cannot totally shift its focus away from its inflation target.”
The Yield Curve Before & After the Rate Cut: Why Have Longer-Term Yields Risen since the Rate Cut? Already Priced in? Inflation Concerns as Policy Loosens in a Decent Economy? by Wolf Richter • Sep 21, 2024 • 156 Comments Mortgage rates also ticked up.
Recession Not Yet: Retail Sales Help Push Up Atlanta Fed GDPNow to +3.0% for Q3 GDP by Wolf Richter • Sep 17, 2024 • 182 Comments As retail sales rose despite dropping prices of goods, inflation-adjusted retail sales – adjusted for this deflation in goods – rose even faster: hence the jump in GDPNow.
Services PPI Bounces Back in August from July, Rises Year-over-Year. Core Goods PPI Jumps by Wolf Richter • Sep 12, 2024 • 35 Comments But a drop in energy prices had a soothing effect on overall PPI, which also accelerated, but by less.
Beneath the Skin of CPI Inflation: “Core CPI” Again Accelerates Month-to-Month Fueled by Hot “Core Services” CPI. Durable Goods Prices Drop Further by Wolf Richter • Sep 11, 2024 • 193 Comments Second month-to-month acceleration in a row. Year-over-year, Core CPI and Core Services CPI show first acceleration since March.
This May Be the End of the Massive Deflation in Used Vehicles that Pushed Down Core CPI: Wholesale Prices Surge for 2nd Month amid Strong Sales Growth & Tight Inventories by Wolf Richter • Sep 9, 2024 • 88 Comments Wholesale prices jumped across the board but spiked the most for EVs.
Fed Favored Annual Core PCE Price Index Slightly Up, at 2.6%: Core Services Inflation 3.7%, Durable Goods Deflation -2.5% by Wolf Richter • Aug 30, 2024 • 72 Comments Month-to-month, core services inflation jumped while durable goods deflation deepened, and so core PCE price index hits Fed’s target.
Beneath the Skin of CPI Inflation: Broad Month-to-Month Acceleration, Services CPI Bounces Back from Outlier, Plunge in Durable Goods Prices Slows by Wolf Richter • Aug 14, 2024 • 208 Comments Housing CPI re-surged in July from the June outlier.
Services PPI & Core PPI YoY Were Pushed Down by Extreme Base Effect That’ll Flip Next Month for Rest of 2024 by Wolf Richter • Aug 13, 2024 • 109 Comments The whiplash-inducing month-to-month services PPI fell in July after hot readings in prior months. Core goods PPI is well-behaved.
