Middle-Class Doesn’t Care What Krugman’s Inflation Charts Say
When covering the political persistence of “Bidenflation,” I’ve noted that economists keep wondering why opinion polls continue to show the American people are sour on an economy that continues to create jobs. Ultimately, the question in many ways comes down…
Cost of living facts and statistics 2024
Inflation and the cost of living are not one and the same. Although inflation does have a hand in determining the cost of living, low levels of inflation do not always mean lower costs of living. Data from the Consumer…
Australian Inflation Boosts Case for Higher-for-Longer Rates
Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving stickier and bolstering the case for the central bank to hold interest rates at a 12-year high. Yields on the policy-sensitive…
UK Economists Say Markets Betting Wrong on Interest Rate Cuts
The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will cut interest rates first, with costly implications for gilt traders and British political leaders counting on election year relief from high borrowing…
Inflation defined: What is it, what causes it, and what is hyperinflation?
Inflationary headwinds have clouded economic forecasts as a new report brings mixed news. Inflation ran hot for a third consecutive month in March, raising questions about when the Federal Reserve can begin cutting interest rates. Overall prices increased 3.5% from a year…
South Florida ranks second in the nation with the biggest inflation problem
The Miami-Fort Lauderdale-West Palm Beach metropolitan area ranks second in the nation with the biggest inflation problem, according to a new report by Wallethub. The year-over-year national inflation rate rose 3.5% for March 2024, while the annual rate of inflation…
Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
(Bloomberg) — Federal Reserve officials are about get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Most Read from Bloomberg Policymakers’ preferred…
Rents Are the Fed’s ‘Biggest Stumbling Block’ in Taming US Inflation
When inflation peaked above 7% in 2022, it was relatively broad-based across goods and services. In 2024, with inflation back below 3%, that’s no longer the case: What’s left of the problem now is mainly about housing. Rent dominates the…
What went wrong with US inflation
(Bloomberg) — This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed. Most Read from…
ING Chief Economist Calls for Further Rate Cuts in China | OilPrice.com
China’s consumer prices rose slightly in March compared to the previous year but didn’t meet economists’ expectations, revealing ongoing challenges in stimulating domestic demand for the world’s No. 2 economy. The spectre of deflation seems to be gradually receding, but…