If we’re generous, the case for arguing that inflation has peaked is mixed. Depending on the indicator of choice, there’s supporting evidence for deciding that worst of the inflation surge is behind us. But there’s also data to assert the opposite, as yesterday’s update on consumer prices reminds.
Daily Archives: October 14, 2022
Macro Briefing: 14 October 2022
* Russia expected to hold large-scale exercises of nuclear forces soon
* US inflation data suggests Fed will hike rates again by 0.75-Point
* US social security recipients will receive 8.7% increase in payouts–a 40-year high
* China inflation increases at highest pace in two years in September
* European Central Bank needs more rate hikes, says Belgium’s central bank chief
* UK pension fund sales is warning for global bond markets
* Japanese yen trades at 32-year low against US dollar
* US jobless claims rose again last week but remain historically low
* US core consumer inflation rose in September, reaching 40-year high:
