Inflation has probably peaked. The problem is that the slide from the peak is proving to be slower than expected, dipping at a glacial pace, if any, depending on the metric. Inflation persistence, in other words, is increasingly the new new worry.
Daily Archives: September 14, 2022
Macro Briefing: 14 September 2022
* US inflation showing signs of becoming more persistent
* Policy-sensitive 2-year Treasury yield above 3.79%, highest since 2007
* Xi and Putin will discuss Ukraine war at face-to-face meeting
* China reaps energy windfall after West rejects Russian supplies
* US consumer confidence rose in August, largest improvement since March 2021
* Americans suffer two years in a row of flat or declining household income
* EU upholds antitrust ruling against Google’s parent company Alphabet
* UK inflation rate unexpectedly eases to still-high 9.9%
* Eurozone industrial output falls sharply in July
* US consumer inflation slows less than forecast in August:
