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🌡️ Inflation

Inflation Alert! Fed releases Inflation Expectations Fall at Short-Term Horizon but Rise Slightly at Longer Horizons. One-year (4.4%), 3year (2.9%), and 5-year (2.6%) inflation expectations all higher than the Fed's target of 2%.

Inflation appears to be becoming anchored in consumers expectations. Source: https://www.newyorkfed.org/microeconomics/sce#/hhincexp-1 The main findings from the April 2023 Survey are: Inflation * Median inflation expectations declined by 0.3 percentage point at the one-year-ahead horizon to 4.4%, but increased by 0.1 percentage point

Inflation Alert! March SCE Labor Market Survey: The average full-time offer wage received in the past four months increased to $62,088 from $59,834 in November 2022.

The average reservation wage—the lowest wage respondents would be willing to accept for a new job—rose to a new series high of $75,811 Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ * The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the March

Inflation Alert! The purchasing power of the dollar continues to VANISH! In March, the purchasing power of $100 in January 2000 was $55.90.

Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned

Federal Reserve Alert! James Bullard: "Financial stress can be harrowing, but also tends to reduce the level of interest rates"

“Continued appropriate macroprudential policy can contain financial stress, while appropriate monetary policy can continue to put downward pressure on inflation” St. Louis Federal Reserve President James Bullard Presentation: "Financial Stress and the Economy," Arkansas Bankers Association’s 133rd Annual Convention, Day with the Commissioner, Little Rock, Ark. Source:

Inflation Alert! The Fed’s Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services!

While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing. Before we get into the number, Governor Philip N. Jefferson's recent speech does a pretty good job level setting PCE price index for those wondering what it is: Different

Inflation Alert! The purchasing power of the dollar continues to VANISH! In February, the purchasing power of $100 in January 2000 was $56.10.

Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R We have lost .70 in purchasing power since November (56.8), February (56.1). Reddit Post

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S.BLS reported today.

Source: https://www.bls.gov/news.release/cpi.nr0.htm Reddit Post