The latest inflation numbers for the US suggest that the recent surge in pricing pressure has peaked… maybe. The bigger risk is that consumer inflation remains elevated. If so, that’s a significant headwind for the economy and financial markets, even if the consumer price index (CPI) is no longer accelerating.
Daily Archives: August 12, 2022
Macro Briefing: 12 August 2022
* House expected to approve a climate and healthcare bill today
* Ukrainian nuclear plant faces ‘grave hour’ due to potential radiation leak
* UK economy contracts in second quarter
* US home prices rise to new record high in second quarter
* Eurozone industrial output rose more than expected in June
* Global population may be peaking at roughly 8 billion
* Arctic heating up 4x faster than Earth overall, research finds
* US jobless claims rise to highest level since November:
