The first signs that US inflation is starting to wane have emerged.
Prices throughout the economy have surged at an extraordinary pace for more than a year now as demand dramatically outstripped supply. Russia`s invasion of Ukraine provided the latest boost, driving commodity prices sharply higher and powering headline inflation to the fastest pace in 41 years. The economy is healing at a decent pace, but soaring prices are still making Americans pessimistic....
Prices throughout the economy have surged at an extraordinary pace for more than a year now as demand dramatically outstripped supply. Russia`s invasion of Ukraine provided the latest boost, driving commodity prices sharply higher and powering headline inflation to the fastest pace in 41 years. The economy is healing at a decent pace, but soaring prices are still making Americans pessimistic....
- Inflation hit a 41-year high in March, but several signs hint that the US could be past the peak.
- Certain inflation measures showed underlying inflation trends cooling through early 2022.
- Other indicators like inflation expectations and shipping prices have shown similar improvement.
RSK: The operative word here is "could". It may be rising at a slower rate but it is still rising.
- - Volume: 10 - WEEK: 20 Date: 5/10/2022 7:58:48 AM -