‼️🇺🇸 #Inflation is a self-fulfilling prophecy & driven largely by expectations! 77% of Americans are worried about inflation. 42% of respondents said they were "very concerned," which was more than double share (17%) that said they were "not at all concerned."
⚠️🌎 Citadel’s Griffin warns of #inflation risk to markets enjoying retail trading boom - Financial Times
⚠️ 🌎 #Inflation is also higher for the poorest, which shows how monetary policy hurts the weaker segments.
⚡️⚡️ #Inflation in the making? Bloomberg Commodity Spot Index keeps rising w/Lumber shooting >$1,500 for the first time ever, WTI climbs >$66/bbls and Copper hits $10,000 for first time in a decade.
#Inflation.
Consensus is looking for 3.6% headline print today vs 2.6% prior above the Fed's 2% mandate. Message will be it is a 'one off' as the Fed and consensus want to believe.
Consensus is looking for 3.6% headline print today vs 2.6% prior above the Fed's 2% mandate. Message will be it is a 'one off' as the Fed and consensus want to believe.
⚠️🇺🇸 #Inflation numbers blowing past expectations, leaving every single economist estimate in the dust
4.2% year-over-year change in the CPI vs. 3.6% median estimate.
Highest estimate was 3.9% (of the 47 I found on Bloomberg)
4.2% year-over-year change in the CPI vs. 3.6% median estimate.
Highest estimate was 3.9% (of the 47 I found on Bloomberg)
⚠️ 🇺🇸 Global bonds plunge, yields jump after US #inflation numbers. US 10y yields rose to 1.52%. 3.8% YoY gain in core US CPI was predicted by only one economist in BBG survey of 45.