by finandlife16/02/2022 08:23
Again, US inflation comes in higher than median forecasts:
January producer prices rose by 1.0% MoM, twice the median projection (core was 0.8% vs 0.5%)
The annual PPI increase was 9.7% (vs 9.1% expected).
Core inflation was 6.9%.
Bottom line: More CPI inflation in the pipeline.
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Most companies are now worried about inflation. Which sectors are impacted the most?
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US nominal wage growth is now the highest in over two decades. Wage gains among hourly workers have been particularly strong.
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Tags: Macro
Economics