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🌡️ Inflation

OSFI’s Annual Risk Outlook - Semi-annual update

Canada's Financial System Regulator: "we now consider CRE to be a higher risk item" "Elevated inflation puts pressure on retail, corporate, & commercial borrowers' ability to service debt."

Today, Canada's Office of the Superintendent of Financial Institutions (OSFI) released its fall update to the April publication of its 2023-2024 Annual Risk Outlook. This semi-annual update prioritizes the most significant risks facing Canada’s financial system. It also provides an overview of its near-term guidance priorities for

Social Security Announces 3.2% Benefit Increase for 2024.

Inflation Alert! Social Security Announces 3.2% Benefit Increase for 2024. Today, September CPI reported 3.7% over the past year. The increase eaten by inflation!

Wut Mean? * Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024. * The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. Increased payments to approximately

September Consumer Price Index Summary

Inflation Alert! The acceleration of inflation continues: CPI for all items rises 0.4% in September and rose 3.7% over the last 12 months.

The Consumer Price Index (CPI) rose by 0.4% in September from August. With month-to-month inflation continuing to grow, over the last 12 months, the all items index increased 3.7%. This is all on the heels of a red-hot August (.6% month-to-month, 3.7% year-over-year). Inflation is not slowing

Periodic Report: Update on Bank Term Funding Program

As of 9/30/23 total outstanding amount of all advances from the liquidity fairy under the Bank Term Funding Program was $121,234,139,000. $2,645,685,000. in interest to survive another day...

Date Total amount outstanding Total pledged collateral Interest paid to survive another day 3/15 $11,942,528,000 $15,855,798,000 $662,000 3/31 $64,595,880,000 $79,569,489,000 $93,568,000 4/30 $83,061,693,000 $104,229,674,000 $369,957,

PRODUCER PRICE INDEXES – SEPTEMBER 2023

Inflation Alert! Producer Price Index Rises 0.5% in September, 2.2% for year. This is the largest increase since April. Inflation still raging.

Good morning and Happy Wednesday! Today before the CPI numbers, the Bureau of Labor Statistics released the Producer Price Index for final demand for September: The Producer Price Index for Final Demand tracks the input prices for consumer-facing industries whose output prices are then tracked by the Consumer Price Index--think

September Survey of Consumer Expectations

September Survey of Consumer Expectations: Inflation expectations 1yr 3.7%, 3yr 3.0% >2%. Households’ perceptions & expectations for credit conditions deteriorated.

Source September 2023 Survey of Consumer Expectations. The main findings from the September 2023 Survey are: Inflation * Median inflation expectations increased by 0.1 and 0.2 percentage points at the one- and three-year-ahead horizons to 3.7% and 3.0%, respectively. In contrast, median inflation expectations decreased by 0.

Vice Chair Philip N. Jefferson in speech 'U.S. Economic Outlook and Monetary Policy Transmission'

Fed's Jefferson on core nonhousing services inflation: "Since this segment accounts for more than 50% of the overall core PCE index, we will need to see further slowing in this area to meet our inflation objective."

The Inflation Outlook: * "Even though recent inflation data have been encouraging, inflation remains too high. Over the 12 months ending in August, total Personal Consumption Expenditures (PCE) prices rose 3.5 percent, the black line in figure 1. Excluding the volatile food and energy categories, core PCE prices rose