Typically, rising demand pushes up prices, motivating producers to increase supply. WSJ’s Dion Rabouin explains why the age-old economics equation isn’t working right now. Illustration: David FangPrices of services are rising quickly. Prices of goods are falling. Energy is all over the map.
Policy makers and market watchers already strip out volatile components of price indexes to understand “core” inflation. These days, many are on the hunt for an even narrower measure: a supercore.on Thursday, most investors will still look first at the monthly change in the so-called core consumer-price index, which excludes food and energy categories to provide a better sense of inflation’s longer-term trajectory.
'Forget Core CPI, Market Pros Are Searching for Supercore Inflation' Um, I was *joking* about this a month ago. Didn't they note the upside-down smiley? And WSJ doesn't even follow me! 😉
Natural order of progress suggests that prices should be decreasing with innovation and growing labor productivity. Inflation is staged by FederalReserve and Treasury to inflate govt out of debt. Borrow and dont pay back. This is how govt is able to spend beyond its means.
Market rejoicing first wave of deflation in Commodities, Energy & Housing. The tough nut to crack is Service & Price inflation. Powell has shown courage in going all the way, despite political and Market pressures. Any retreat will create a monster. 2024 a political year
Inflation is falling but they’re so horry about laying people off