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📈 Macroeconomics

Inflation Alert! Cass Freight Index grew 26.8% y/y in June, decelerated from the record 35.3% y/y increase in May. On a seasonally adjusted (SA) basis, the shipments index declined by 4.2% m/m in June, after a 5.9% m/m surge in May.

TL:DR - The entire transportation network is facing spikes in costs and supply shortages, and you can bet the costs will get passed down the line. More fun to look forward to over the coming months. Source The shipments component of the Cass Freight Index grew 26.8% y/

Inflation Alert! In June, Consumer Price Index for All Urban Consumers up 0.9 percent on a seasonally adjusted basis; rising 5.4 percent over the last 12 months, not seasonally adjusted.

The index for all items less food and energy increased 0.9 percent in June (SA); up 4.5 percent over the year. Reddit Post

US Census announces by August 16th it is set to release in-depth demographic statistics from the 2020 Census that will be used to redraw legislative voting districts, a first look at the demographic characteristics of the US

Source: https://www.census.gov/library/stories/2021/07/upcoming-release-of-2020-census-redistricting-data-paint-clearer-portrait-of-america.html Reddit Post

Inflation Alert! The June 2021 Survey of Consumer Expectations shows that median inflation expectations at the short-term horizon climbed 0.8 to 4.8 percent.

Source: https://www.newyorkfed.org/microeconomics/sce#/ Reddit Post

Inflation Alert! St. Louis Fed Lead Economist in Supervision Willaim Emmons reported price-to-rent ratio is at its highest level since at least 1975. As of March, the nationwide house price index was about 30% higher than the estimate of fair value.

Source 5/24/21 Price-to-rent has surpassed that of the last housing bubble peak. Some interesting excerpts from the report: The nationwide house price-to-rent ratio, a widely used measure of housing valuation that is analogous to the price-to-dividend ratio for the stock market, is at its highest level since at

Inflation Alert! A dive into the Drewry Supply Chain Advisors World Container Index. Does this bottleneck look like the wildcard to everything inflation to you as well?

Source: Drewry’s composite World Container index increased 4.7% or $397 to $8,795.77 per 40ft container. * The composite index increased 4.7% or $397 this week, and also, remains 333% higher than a year ago. * The average composite index of the WCI, assessed by Drewry year-to-date, is

Inflation Alert! Rent prices are spiking as Americans return to cities! Nationwide, rent prices are up 7.5 percent so far this year, three times higher than normal, according to data from Apartments.com.

Source: https://www.washingtonpost.com/business/2021/07/09/rent-prices-rising/ Reddit Post