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๐ŸŒก๏ธ Inflation

Consumer Credit Alert! In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of 1.2 percent

Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of 1.2 percent. https://www.
dismal-jellyfish ๐Ÿ“Š Data

Federal Reserve Alert! Governor Philip N. Jefferson gives speech 'Recent Inflation and the Dual Mandate' where he explains the differences between CPI and PCE Price Index.

Source: https://www.federalreserve.gov/newsevents/speech/jefferson20230227a.htm Governor Philip N. Jefferson Thank you, Jason, for inviting me to join your economics class and for your kind introduction. It is a pleasure to be here. I miss teaching economics classes. Before I continue, I would like to note, as
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! In 2022, consumer credit increased 7.8 percent, with revolving & nonrevolving credit increasing 14.8 percent & 5.6 percent, respectively. During the fourth quarter, consumer credit increased at a seasonally adjusted annual rate of 6.5%

Source: https://www.federalreserve.gov/releases/g19/current/default.htm Examples of revolving credit: credit cards--is a type of credit that can be used repeatedly up to a certain limit as long as the account is open and payments are made on time. Examples of non revolving credit: student loans,
dismal-jellyfish ๐Ÿ“ฐ News

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

Inflation Alert! The New York Fed released the December 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline in the short term and were unchanged over the medium term.

Source: https://www.newyorkfed.org/newsevents/news/research/2023/20230109 Wut mean? Median one-year-ahead inflation expectations declined to 5.0 percent Medium-term expectations remained at 3.0 percent Five-year-ahead measure increased to 2.4 percent Reminder, these are all above the Fed's target rate of 2% inflation... The
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Federal Reserve Governor Lisa Cook in speech: 'Inflation remains far too high, despite some encouraging signs lately, and is therefore of great concern.'

'inflation could become a nonstationary time-series process if inflation expectations were to become de-anchored.' Source: https://www.federalreserve.gov/newsevents/speech/cook20230106a.htm I am particularly pleased to be here today for multiple reasons. I think most of us feel some nostalgic pull to these meetings, though I
dismal-jellyfish ๐Ÿ“ฐ News