Fed’s Wait-and-See on Rate Cuts Makes Sense amid Whiplash Data: Still Worst 6-Month “Core” PCE Inflation since mid-2023 but Freak Plunge in Durable Goods by Wolf Richter • Jun 28, 2024 • 65 Comments Housing inflation was hot and accelerated in May, amid crazy whiplash-data in other services.
Corporate Profits by Major Industry, Q1 Update: “Greedflation” Hits Ceiling in Some Industries but Still Thrives in Others? by Wolf Richter • Jun 27, 2024 • 46 Comments The huge spike in profits during the high-inflation years backtracked in some industries but got even hotter in others.
Inflation in Canada Throws Another Curveball: Core CPI Spikes Month-to-Month by Most since 2022 by Wolf Richter • Jun 25, 2024 • 32 Comments It was obviously “unexpected.” But the Bank of Canada has been leery of this sort of mess showing up.
Beneath the Skin of CPI Inflation: A Stunning Outlier Services CPI Drove Down Everything Else by Wolf Richter • Jun 12, 2024 • 131 Comments Services are big, and that one-month outlier was massive, and it drove down Core CPI and overall CPI.
Used Car Wholesale Prices Continue Plunge, Gave up 59% of Pandemic Spike. But still up 35% from Jan 2020: EVs +72%, ICE Vehicles +34% by Wolf Richter • Jun 10, 2024 • 92 Comments Compact trucks +70% since Jan 2020; full-size pickups +39%, SUVs +30%, compact cars +20%. Auto insurance +44% since Jan 2022.
Spiking Interest Payments on the Ballooning US Government Debt v. Tax Receipts and Inflation: Q1 Update by Wolf Richter • Jun 1, 2024 • 151 Comments To what extent are interest payments eating up the national income?
Fed’s Wait-and-See on Rate Cuts Supported by Worst 6-Month “Core” & “Core Services” PCE Inflation since mid-2023 by Wolf Richter • May 31, 2024 • 102 Comments Not just housing, but also other core services. However, durable goods inflation is back to normal.
Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo by Wolf Richter • May 28, 2024 • 40 Comments Huge month-to-month jumps for second month in a row as businesses jack up their prices for new fiscal year.
Beneath the Skin of CPI Inflation, April: After Some Zigs, a Zag. But 6-Month Core CPI Hits 4.0%, 6-Month Core Services CPI Hits 6.0%, Both Highest since mid-2023 by Wolf Richter • May 15, 2024 • 118 Comments Month-to-month data is volatile. We’ll look at the trends.
PPI Inflation Acts Up in a Nasty Way: It Spikes after Big Downward Revisions by Wolf Richter • May 14, 2024 • 82 Comments Services knocked it out of the ballpark. Not helpful for the Fed-favored core PCE price index later in May, which includes some of those services.
