Paid PPI Not As Hot As CPI Apr 11, 2024 2 min read paid Today's PPI report threw some cold water on yesterday's hotter-than-expected CPI. Our opinion is that the Fed won't be lowering interest rates this year because the economy and labor market will remain strong. Yesterday's CPI confirmed our conclusion based on the wrong premise. We aren't expecting inflation to get stuck above the Fed's 2.0% target. We think Ed Yardeni
Paid US Disinflation Is Made In China Jul 13, 2023 2 min read paid It's not quite the great fall of China. However, something is definitely wrong with China's economy. June's trade data showed that Chinese exports fell sharply for the second month in a row and imports have remained flat since mid-2021 (chart). It was widely expected that the end of the government's pandemic lockdowns late last year would boost economic activity in China and Ed Yardeni
Public Is That Inflation In The Rearview Mirror? Apr 13, 2023 2 min read Could it be that the spike in inflation over the past two years was one of the many shockwaves caused by the pandemic? Is inflation turning out to be relatively transitory after all? Goods inflation is certainly looking transitory (chart). Services inflation has been much more persistent, but is likely to moderate during the second half of this year along with rent inflation. Wage inflation may remain troublesome, but less Ed Yardeni
Paid PPI Inflation Is Moderating Dec 10, 2022 1 min read paid On Friday, we learned that November’s headline PPI inflation rate rose 0.3% m/m, higher than the 0.2% expected, and October’s increase was revised up from 0.2% to 0.3%. The good news is that the y/y comparisons showed that the PPI final demand inflation rate peaked at 11.7% during March and fell to 7.4% during November, the lowest since May 2021. Ed Yardeni
