Get ready for a nasty inflation report

[mystery-ak]

Get ready for a nasty inflation report
Neil Irwin

   Consumer Price Index, year-over-year percentage change
Monthly; January 1980 to February 2022

A new inflation reading is due out Tuesday morning, and it looks to be a doozy. The Consumer Price Index for March will reflect the surge in energy prices tied to the war in Ukraine, which is likely to push the headline number to yet another multi-decade high.

Why it matters: The biggest question facing the economy now is whether inflation will come down on its own, or require such aggressive Federal Reserve action as to bring a recession. The new numbers will provide fresh evidence of which reality we're living in.

    Beyond the headline number, the report will include crucial evidence of whether the forces that have driven inflation — largely affecting goods — are starting to fade, and whether rising prices are spreading further into services.

The details: Analysts surveyed by FactSet expect the release to show 8.4% inflation over the last year, which would be the highest overall inflation rate since December 1981. The rate was 7.9% for the year ended in February.

    Excluding food and energy, the forecast is for 6.6% inflation, which would be the highest since August 1982.

more
https://www.axios.com/get-ready-for-a-nasty-inflation-report-de2b1d26-3abc-4be4-90d5-9f180b946c2e.html

[rustynail]

That darn Putin.

[Smokin Joe]

I filled up my tank.
I went grocery shopping.
I paid the utility bill.


Who needs the government to tell me my money is worth less?
I can think of another place we could cut government spending...

[catfish1957]

Highest rate in our history was just a shade under 30% in 1778 (annual)

Over/Under of Joeflation as a record breaker?

I say under, with early '23 getting up to 22-24% 

[libertybele]

I filled up my tank.
I went grocery shopping.
I paid the utility bill.


Who needs the government to tell me my money is worth less?
I can think of another place we could cut government spending...

Exactly, nor does the gov't have to point out that shelves are bare and supplies are low. This we very noticeable before things escalated over in Ukraine.

[libertybele]

Highest rate in our history was just a shade under 30% in 1778 (annual)

Over/Under of Joeflation as a record breaker?

I say under, with early '23 getting up to 22-24%

Inflation will definitely be worse than the 14%+ during the Carter years.

[Bigun]

A young (Early 40's) couple in my community was all set to begin construction of their dream home but that has now been inflated beyond their means.  My heart breaks for them.

[libertybele]

A young (Early 40's) couple in my community was all set to begin construction of their dream home but that has now been inflated beyond their means.  My heart breaks for them.

That is so very sad.

Our housing market is booming here as people are moving here by the thousands.  I anticipate that we are going to see a quick downturn.  When the economy dwindles, our housing market is usually hit the hardest along with construction jobs.

Sure, we have lots of people moving here and they are building many apartment complexes and adding several new city complexes that extend for several blocks, but I think those investments are going to go bust. I've seen it happen here before several times.  We are the last to see a boom and usually the first to see an economic downturn.

[Bigun]

That is so very sad.

Our housing market is booming here as people are moving here by the thousands.  I anticipate that we are going to see a quick downturn.  When the economy dwindles, our housing market is usually hit the hardest along with construction jobs.

Sure, we have lots of people moving here and they are building many apartment complexes and adding several new city complexes that extend for several blocks, but I think those investments are going to go bust. I've seen it happen here before several times.  We are the last to see a boom and usually the first to see an economic downturn.

David Stockman On The Coming Stock Market ‘Crash Of Biblical Proportions’


 

"Whether we like it or not, the reality is, the Federal Reserve has an enormous influence over the dollar and the stock market.

And right now, the Fed has an urgent and fateful decision to make.

It can keep printing trillions of dollars, let inflation skyrocket or tighten monetary policy, and watch the stock market crash.

In other words, it can sacrifice the stock market or the dollar...

Excerpt:  Rest at headline link.