Wednesday, September 14, 2022

Bill Mitchell – Inflation falling in the US and expectations are sharply in decline

It’s Wednesday and today we discuss the latest inflationary expectations data from the US, which tells me that my assessment that this episode will be a transitory phenomenon, diametric to the experience of the 1979s, was sound, despite the flack I have received over the last several months. The data is now showing consistent, cross-month declines in expected inflation and the latest CPI shows an easing of the general CPI pressure. AS the supply chains return to something like pre-pandemic capacities, then the easing will continue. It is too early to say that this period of elevated CPI rises is over but it sure looks like it and wages have barely moved. Once we get our heads around that I provide some information about an interesting ‘golf’ experiment and finish with some great keyboard playing....
Bill Mitchell – billy blog
Inflation falling in the US and expectations are sharply in decline
Bill Mitchl | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australiael

4 comments:

Matt Franko said...

Didn’t know Bill played golf …

US golf getting more and more expensive… even the public links…

Peter Pan said...

Matt, have you been to Cape Breton yet?

Matt Franko said...

That’s on bucket list…

Peter Pan said...

Fiona heading for Cape Breton Island. She may take out the golf course.