News about Inflation

Consumers’ inflation expectations for coming year ticked down a bit in May, while expectations for 3 years ahead ticked up marginally per NY Fed survey … both readings still quite benign relative to pandemic spike pic.twitter.com/mecWs1u597

Inflation forecasters (the ones who sweat the second and sometimes third decimal place) see the core CPI posting roughly a similar increase in May as in April An increase of 0.28% in the core CPI would lower the y/y rate to 3.5% pic.twitter.com/fFC97FoDHR

Ahead of tomorrow's US inflation data release, here's via Bloomberg a (rather brave) set of projections from JPMorgan on the markets' potential reaction to different monthly readings for the change in the CPI. #economy #inflation #markets @jpmorgan @econtwitter pic.twitter.com/k78aBPZMPK

US consumer expectations for headline #inflation 12 months from now have declined to 3.17%. This is 0.35% above the average pre-COVID. With the #FederalReserve firmly believing current rates are restrictive, what #Powell has to say about the US labor market will be key. pic.twitter.com/wJjDZhyOgl