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.
More Evidence this May Be the End of the Historic Plunge of Used Vehicle Prices that Had Pushed Down CPI by Wolf Richter • Oct 7, 2024 • 44 Comments Amid tight supply and strong demand.
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.
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.”
