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15.06.26 - 03:39
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The Inflation Sh*t Is Hitting The Fan (ZeroHedge)
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The Inflation Sh*t Is Hitting The Fan
Submitted by QTR's Fringe Finance
This week was proof that the inflation story that markets desperately want to go away refuses to cooperate. It also adds to the case that new Fed chair Kevin Warsh could have his hands tied — and may ultimately need to redefine inflation to untie them.
This week the Bureau of Labor Statistics reported another really ugly wholesale inflation print, adding to a growing pile of evidence that inflation pressures are proving far more persistent than policymakers, economists, and investors had hoped.
The Producer Price Index rose 1.1% in May, well above economist expectations of 0.7%. On a year-over-year basis, wholesale inflation accelerated to 6.5%, the highest reading since November 2022.
Even though core PPI, which excludes food and energy, came in slightly below expectations at 0.4% versus estimates of 0.5%, that distinction shouldn't provide much comfort. The headline figure remains extraordinarily elevated, and ...
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13.06.26 - 02:54
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Retail inflation inches up to 5-month high in May (Times of India)
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Despite the staggered increase in retail fuel prices during the past month in the backdrop of persisting conflict in West Asia, fuel inflation remained contained at 0.8% in May, though marginally higher than 0.7% in April. Economists expect the pass through to become visible in June. Dipti Deshpande, principal economist at Crisil said food inflation rose due to persistent high temperatures, which drove up prices of vegetables, dairy products and eggs....
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12.06.26 - 16:54
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UMich Sentiment Bounces Off Record Low In June, Inflation Fears Fade (ZeroHedge)
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UMich Sentiment Bounces Off Record Low In June, Inflation Fears Fade
After reaching all-time record lows in May, analysts expected UMich's Sentiment index to rebound modestly in preliminary June data and it did, up from 44.8 to 48.9 (well above 46.0 exp), with consumers experiencing some relief due to the early-month easing in gasoline prices.
Source: Bloomberg
"This measured improvement in sentiment was widespread, seen across age, education, and political party," said Surveys of Consumers Director Joanne Hsu, adding that "lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets."
Well that will wreck the Democrats narrative...
Inflation expectations dropped in this early June data...
Once again we are confused because while the headline UMich inflation expectation over the next year declined, all political parties saw higher expectations (and Independents now have a higher...
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12.06.26 - 16:40
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USA: Michigan-Konsumklima verbessert sich stärker als erwartet (DPA-AFX)
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Die Stimmung der Verbraucher in den USA hat sich im Juni stärker als erwartet aufgehellt. Das von der Universität Michigan erhobene Konsumklima stieg laut der am Freitag veröffentlichten ersten Schätzung um 4,1 Punkte auf 48,9 Punkte. Volkswirte hatten lediglich mit einem Anstieg auf 46,0 Punkte erwartet.. --- Die Inflationserwartungen der Verbraucher gaben auf hohem Niveau etwas nach. Auf Sicht von einem Jahr sanken sie von 4,8 auf 4,6 Prozent. Die längerfristigen Inflationserwartungen (5 bis 10 Jahre) fielen von 3,9 auf 3,4 Prozent..
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