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Mohamed A. El-Erian
elerianm
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
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Mohamed A. El-Erian
elerianm
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
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Gregory Daco
GregDaco
🇺🇸Seeing a lot of worries about PCE #inflation being higher than expected in Q1. I'm not too concerned. Why? ▶️Wait for March PCE print to know whether this is a signal ▶️20-25% of gain driven by financial services (stock gains) ▶️'Reset' effect for health, internet & utilities pic.twitter.com/Nn8I6Rkock
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Holger Zschaepitz
Schuldensuehner
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
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