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Inflation Alert! Inflation in services (where nearly 2/3 of consumer spending goes) jumped +0.6% month-to-month and 7.5% year-over-year to a 40 year high. Inflation is NOT slowing down and data shows it is becoming entrenched in services.

Source: https://www.bls.gov/news.release/cpi.nr0.htm Good afternoon, as the title of the post states, approximately 2/3 of consumer spending goes into services and as we will see below, inflation is still running rampant! Things like housing, healthcare, insurance, education, streaming services (for example HBO
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Office of Financial Research publishes 2022 Annual Report to Congress: 'Generally, bond market stress measures are comparable to March 2020 and the early days of the 2007-09 financial crisis.'

Source: https://www.financialresearch.gov/press-releases/2023/01/12/ofr-finds-elevated-threats-to-u-s-financial-stability/ The OFR published its 2022 Annual Report to Congress today, which concluded that macroeconomic conditions and geopolitical uncertainties elevated risks across the financial system last year. The report examined these risks to financial stability between October 1, 2021 โ€“ September 30,
dismal-jellyfish ๐Ÿ“ฐ News