News about inflation

Revision for April UMich consumer sentiment data brought 1y inflation expectations (blue) up to 3.2% … 5-10y expectations (orange) unchanged at 3% pic.twitter.com/RyxR9NkVRw

Also not heading in right direction: “supercore” PCE #inflation +0.39% month/month in March, taking year/year rate back up to +3.5% pic.twitter.com/4OP9hoVojz

According to the just-released data, March headline and core PCE #inflation are slightly higher than the consensus forecasts (2.7 vs. 2.6 and 2.8 vs 2.7). Having said that, the miss is smaller than yesterday, and the monthly readings are in line. Meanwhile, personal spending rose…

From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.” #economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr