News about inflation

Core PCE price index component of GDP accelerated sharply in 1Q2024 to +3.7% pic.twitter.com/79fYTL8ltp

From Bloomberg, and as noted just now by @annmarie, worries about high inflation and elevated interest rates are getting in the way of voters’ appreciation for the US #economy’s #growth performance. #EconTwitter @economics pic.twitter.com/j1DaG4JTgO

OOPS, stagflationary numbers out of US! US economy expands at 1.6% rate in Q1, trailing all forecasts. Main growth engine – personal spending – rose at a slower-than-forecast 2.5% pace. BUT a closely watched measure of underlying inflation advanced at a greater-than-expected 3.7%… pic.twitter.com/r0Ocl36x32

Fun fact: The Volcker Fed started cutting rates even as inflation resurged above 10% cause the economy was heading into recession. And it's the recession that got rid of inflation. pic.twitter.com/mobEw3Q1Zy