“While tailwinds from normalizing supply chains are cooling goods prices, concerns linger about the sustainability of this trend. In particular, the February CPI readings strongly suggest that the January updraft was not anomalous.” ~Peter C. Earle
READ MORE“The January 2024 CPI report highlights the challenges of returning inflation to the Fed’s target range and suggests a bumpy road ahead.” ~Peter C. Earle
READ MORE“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle
READ MORE“While the likelihood of another rate hike in the final FOMC meeting of 2023 this week is low, the slowing rate of disinflation and stubbornly elevated prices suggest that speculation regarding the start of rate cuts is, at best, early.” ~Peter C. Earle
READ MORE“Spots of price momentum in the September CPI support the Federal Reserve’s higher-for-longer mantra, and raise the possibility that even now policy rates are insufficiently restrictive.” ~Peter C. Earle
READ MORE“Despite some improvements since the apparent peak 13 months ago, consumers and businesses are still contending with 31 months of above-trend rising prices.” ~ Peter C. Earle
READ MORE“Ninety percent of the increase in the headline index was accounted for by increases in shelter costs, with additional contributions from motor vehicle insurance and food at home prices.” ~ Peter C. Earle
READ MORE“The combination of Fed rate hikes and easing demand is clearly having the intended disinflationary effect on the general price level as measured by the various CPIs.” ~ Peter C. Earle
READ MORE“A slew of contradictory data muddying the assessment of the monetary tightening measures has recently been released.” ~ Peter C. Earle
READ MORE“AIER’s Everyday Price Index (EPI) rose 0.60 percent in April 2023 following being essentially unchanged in March and rising 1.6 percent in January and February.” ~ Peter C. Earle
READ MORE“AIER’s Everyday Price Index (EPI) rose 0.03 percent in March 2023, following increases of 0.93 percent in January and 0.67 percent in February.” ~ Peter C. Earle
READ MORE“As was the case in January 2023, AIER’s Everyday Price Index shows a larger month-over-month increase in household costs than either the headline or core Consumer Price Index readings indicate.” ~ Peter C. Earle
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