Core US Inflation Soars to 40-Year High with Food, Medical and Shelter Costs Crippling Households

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  • 11 Oct '22 at 4:44 pm #45447
    Truman
    Participant

    Today the New York Fed released its latest survey of consumer expectations, showing that one-year #inflation expectations decelerated to 5.4% from 5.7%, reaching their lowest level since September 2021.
    Thurs, we get #CPI,

    11 Oct '22 at 4:44 pm #45448
    Truman
    Participant

    Cleveland Fed President Mester (FOMC voter) said that the fundamental state of the economy is “still good,” adding that she is unable to say how much the balance sheet needs to be reduced by. She also said that she is troubled by the breadth of inflation and that she is not yet ready to say how big next month’s rate hike should be.

    13 Oct '22 at 8:14 am #43621
    Helmholtz Watson
    Participant

    The CPI increased 0.4% in September, up 8.2% from a year earlier. CPI was resurgent in August and has not pulled back despite US Administration grands
    [See the full post at: Core US Inflation Soars to 40-Year High with Food, Medical and Shelter Costs Crippling Households]

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