Never Ending Debate About Whether Inflation is Transitory or Permanent Spiced Up by Stagflation Talks
According to Barron’s citing of Oxford Economics report, the U.S. is experiencing a rare phenomenon showing still strong, but cooling, demand that is being challenged by constrained, but accelerating, supply leading to some kind (transitory or sticking) inflation.
U.S. Senate’s McConnell Offers Temporary Solution as Dems Face Series of Debt Filibusters
Yesterday Minority Leader McConnell was briefed by media saying he will offer Democrats several ways to avoid a default on U.S. debt in the coming days.
Federal Reserve Avoided Shock to Equities by Refraining from Naming Day-X for Tapering of Asset Purchases
As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot.
Inflation is Ubiquitous and Protracted But Different for Poor and Wealthy
Classic inflation measures like the Consumer Price Index, published by the Bureau of Labor Statistics, are built based on so-called "consumption baskets," in which periodicities are underpinned by relevant annual surveys asking people about their shopping preferences and difficulties. This past summer, bankers and business leaders seemed to be increasingly worried about big and bold unstoppable price inflation nearly halving everyone’s pockets’ contents.
More Covid Cases in the U.S. among Returning to Schools Children
According to the Washington Post and some other top media, as millions of American students return to classrooms, the U.S. is facing its most significant pediatric COVID-19 surge yet, with a record number of American children now having been tested positive for the virus every week, with nearly 252,000 children in the U.S. tested positive for COVID-19 only during the first week amid the back-to-school season.
U.S. Inflation Running Twice Fed’s Own Target
The U.S. Office of Management and Budget on Friday revised its inflation outlook for Q4 2021 upward to 4.8%, more than twice the 2% level forecast in May, after the Commerce Department reported consumer prices in July grew more than 4% from a year ago.
Aluminum: Too Common and Apparent to Overlook!
An interesting investment idea is hidden in the periodic table under the lucky number 13.
Whether Drop in U.S. Retail Sales in July Indicate Fed’s Tapering Would be Inappropriate?
U.S. retail sales fell in July by more than forecast, reflecting a steady shift in spending toward services and indicating consumers may be growing more price conscious as inflation picks up.
U.S. Homebuilders No Longer Sure What To Do Even As Lumber Prices Crashed
NAHB Homebuilder Confidence crashed from 80 to 75 in August. That is a 13-month low (July 2020).
As the U.S. starts to reopen, people aren’t rushing back to work
With many low-paying jobs in the U.S. going unfilled, even after employers have offered enticing sign-on bonuses, it seems that the COVID-19 crisis has forced a much-needed adjustment in a labor market where workers had long suffered from a decline in bargaining power.