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.
Used Car & Truck Prices Suddenly Bounce, Inventories Tighten: End of Historic Plunge that Pushed CPI Inflation Down? by Wolf Richter • Aug 7, 2024 • 65 Comments That would be a bummer for CPI Inflation over the coming months.
Eyepopping Factory Construction Boom in the US Reaches New Highs amid Big Corporate & Strategic Rethink by Wolf Richter • Aug 1, 2024 • 70 Comments One of the big changes that came out of the chaos of the pandemic. And robots cost nearly the same anywhere.
Large Upward Revisions of “Core Services” PCE Inflation Pushed Six-Month “Core” PCE Inflation to 3.4%, Worst in a Year by Wolf Richter • Jul 26, 2024 • 142 Comments Fed’s Wait-and-See on rate cuts makes sense amid heavily revised whiplashy data and still too high inflation.
