July 10, 2023

Inflation is finally starting to come down. Owing to elevated wage growth (6%), inflation is running at a high rate (5%). www.atlantafed.org/chcs/wage-growth-tracker www.clevelandfed.org/en/indicators-and-data/inflation-nowcasting However, trend inflation has declined to 3-4% both in the US and in the euro area. www.newyorkfed.org/research/policy/underlying-inflation-gauge twitter.com/VMRConstancio/status/1677317770696949763 Leading indicators of inflation, such as ISM Prices, Producer Prices, NFIB Price Plans and […]