News about inflation

The optimistic perspective on inflation is that latest numbers are noise so better off smoothing over 6 or 12 months. The pessimistic perspective on inflation is that it is turning back up. pic.twitter.com/xyMis7Z3ue

The PCE-based Ecumenical underlying inflation measure was 3.0% in March, down 0.1pp from February. This is the median of 24 different measures: 8 different bases over 3, 6 and 12 months. FWIW, my own judgment is underlying inflation is 2.5 to 3.0%, probably top of that range. pic.twitter.com/DgIeSK2Zm1

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

🌎 Charting the Global Economy: #BOJ Holds; US #Inflation Won’t Let Up - Bloomberg www.bloomberg.com/news/articles/2024-04-27/world-economy-latest-bank-of-japan-holds-while-us-inflation-won-t-let-up?sref=ZVajCYcV pic.twitter.com/EOWtStSelL