News about Inflation

This morning’s ECI and housing price inflation figures confirm what I have suspected and feared. Inflation is not securely trending to target levels. Note that the ECI has accelerated from previous quarterly, semi-annual and annual levels. I suspect it has been understating…

From the @FT column by @martinwolf_, "What we must still learn about the great #inflation disaster: Past and present policymakers should ask more searching questions about the causes and impact of the price surge." #economy #markets #econtwitter pic.twitter.com/x1cDFX4cab

US & euro area inflation are now similar--despite the fact that the U.S. economy has been growing much more strongly than the euro area. The U.S. was much higher, then it was Europe's turn, now both are down & roughly convergent (euro area a little higher, likely not for long). pic.twitter.com/ikvAZaIOey

Tomorrow's news today... BREAKING: THE FED HOLDS INTEREST RATES AT 5.25-5.50%, CITING FIRMER PRICE PRESSURES AND LOWER CONFIDENCE THAT INFLATION WILL MOVE DOWN TO THEIR 2% TARGET THIS YEAR.