News about inflation

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

Recommended reading for anyone wishing for the Fed to cut rates. americanliterature.com/author/w-w-jacobs/short-story/the-monkeys-paw#google_vignette

Hawkish Fed repricing extends: Traders push back the timing of the 1st Fed rate cut to Nov/Dec after hotter than expected Q1 Core PCE. pic.twitter.com/nhO5k5ZOvn

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