[Tree] The Challenge of Predicting Inflation and Understanding Business and Economic Cycles

Version 0.56 (2024-05-27 14:03:28.874000)

updates: Incorporated information about the difficulty of economic predictions and the impact of consumer behavior on inflation

Version 0.55 (2024-04-19 17:27:01.135000)

updates: Integration of information about business and economic cycles

Version 0.54 (2024-04-12 19:20:48.464000)

updates: The article highlights the challenge of predicting inflation and its practical implications. It mentions the surge in inflation in 2022 and the efforts of the Federal Reserve to bring it down. It also discusses the embarrassment of economists in their inability to predict inflation accurately. The article references a new book that criticizes academic macroeconomics for failing to provide useful advice for policymakers. The article is currently unavailable.

Version 0.53 (2024-04-11 19:18:32.379000)

updates: The article provides information on sectors that have deflated in the US economy.

Version 0.52 (2024-04-01 23:17:46.149000)

updates: Integration of information about rising prices and the dangers of deflation

Version 0.51 (2024-04-01 21:19:50.508000)

updates: Updated information on rising prices, dissatisfaction with the economy, and the potential consequences of falling prices

Version 0.5 (2024-04-01 15:19:24.803000)

updates: Updated information on Americans' dissatisfaction with high prices and the dangers of deflation

Version 0.49 (2024-03-30 23:18:06.717000)

updates: The new information highlights the discontent among Americans with rising prices, the caution against deflation, and the weak correlation between falling prices and economic growth. It also introduces the concept of inflation as a scourge on working people and the need for organizations to fight against inflation.

Version 0.48 (2024-03-30 22:17:49.789000)

updates: The article provides additional information on the consequences of deflation and the risks associated with falling prices. It also highlights the discontent among Americans regarding rising prices and the potential benefits and drawbacks of deflation. The correlation between falling prices and economic growth is discussed, along with the importance of understanding inflation and its causes. The article also emphasizes the need for organizations to fight against inflation and protect the interests of the working class.

Version 0.47 (2024-03-30 18:21:46.171000)

updates: Integration of additional information about the consequences of inflation and deflation, and the need for solutions

Version 0.46 (2024-03-30 17:17:38.584000)

updates: The article provides additional information on rising prices and the dangers of deflation.

Version 0.45 (2024-03-30 16:18:29.419000)

updates: The article provides additional information on rising prices and the potential dangers of deflation.

Version 0.44 (2024-03-30 15:17:40.886000)

updates: Updated information on the dangers of deflation

Version 0.43 (2024-03-30 14:21:39.124000)

updates: Updated information on rising prices and the dangers of deflation

Version 0.42 (2024-03-30 13:18:23.121000)

updates: Economists caution against wishing for deflation

Version 0.41 (2024-03-30 12:18:37.123000)

updates: Information about rising prices and the consequences of deflation

Version 0.4 (2024-03-30 11:17:36.460000)

updates: Added information about the impact of falling prices and the dangers of deflation

Version 0.39 (2024-03-28 01:17:26.284000)

updates: Americans' dislike of inflation and perception of wage increases

Version 0.38 (2024-03-05 04:21:58.352000)

updates: Provides a comprehensive overview of inflation and hyperinflation

Version 0.37 (2024-03-04 13:22:14.913000)

updates: New study argues true inflation may have peaked at 18% in late 2022

Version 0.36 (2024-03-01 20:20:51.923000)

updates: Integrates information about different measures of inflation in the US

Version 0.35 (2024-03-01 02:19:26.823000)

updates: Inflation in Vietnam pushes up CPI by 3.98% in February

Version 0.34 (2024-02-29 20:21:03.023000)

updates: New information on consumer spending, services prices, and personal income

Version 0.33 (2024-02-29 19:18:28.453000)

updates: New information on US inflation and consumer spending

Version 0.32 (2024-02-29 18:23:39.855000)

updates: Updates on US inflation, Federal Reserve's preferred inflation gauge, and interest rate cuts

Version 0.31 (2024-02-29 17:20:53.058000)

updates: Includes information about the slight increase in the personal savings rate

Version 0.31 (2024-02-29 17:20:53.058000)

updates: Includes information about the slight increase in the personal savings rate

Version 0.3 (2024-02-29 16:21:09.252000)

updates: Includes information about the slight increase in the personal savings rate

Version 0.3 (2024-02-29 16:21:09.252000)

updates: Includes information about the slight increase in the personal savings rate

Version 0.3 (2024-02-29 16:21:09.252000)

updates: Includes information about the slight increase in the personal savings rate

Version 0.29 (2024-02-29 15:31:04.674000)

updates: Fed's preferred measure of inflation picks up slightly in January

Version 0.29 (2024-02-29 15:31:04.674000)

updates: Fed's preferred measure of inflation picks up slightly in January

Version 0.29 (2024-02-29 15:31:04.674000)

updates: Fed's preferred measure of inflation picks up slightly in January

Version 0.28 (2024-02-29 15:25:15.141000)

updates: The US central bank's favored measure of inflation, the personal consumption expenditures (PCE) price index, fell at an annual rate of 2.4 percent in January, down 0.2 percentage points from December. However, a metric stripping out volatile food and energy prices jumped month-over-month. Fed officials have been debating the right time to start lowering rates, with some suggesting that the Fed can afford to be patient before it begins cutting rates. Core inflation, which strips out volatile food and energy costs, rose by 2.8 percent on an annual basis. On a monthly level, headline PCE inflation rose by 0.3 percent in January. The rise in core PCE indicates an uptick in underlying inflation from December to January. There was also a sharp increase in personal income, which jumped by 1.0 percent in January after increasing by just 0.3 percent in December. The personal savings rate ticked higher to 3.8 percent in January from 3.7 percent a month earlier.

Version 0.27 (2024-02-29 15:20:48.234000)

updates: Softening fundamentals point to potential rate cut in June

Version 0.26 (2024-02-29 15:20:17.999000)

updates: Stock markets rise on lower inflation and hopes for rate cuts

Version 0.25 (2024-02-29 15:17:35.421000)

updates: The Federal Reserve's preferred inflation gauge increased by 0.3% from December to January, indicating that the slowdown in U.S. consumer price increases is occurring unevenly.

Version 0.24 (2024-02-29 15:16:25.637000)

updates: Updated information on US inflation and Core PCE Price Index

Version 0.23 (2024-02-29 14:20:37.260000)

updates: US inflation holds steady in January as core PCE Price Index rises

Version 0.22 (2024-02-29 14:19:13.603000)

updates: The Core PCE Price Index rose 0.4% M/M in January, matching expectations and accelerating from the previous month. On a year-over-year basis, core PCE climbed 2.8%, slightly lower than in December. Consumer spending slowed in January, while personal income rose more than expected. The PCE Price Index, which includes food and energy, increased 0.3% M/M. Personal income spiked 1.0% M/M, far exceeding expectations. The numbers indicate little progress in the Federal Reserve's drive to push down inflation to its 2% goal. The Fed is expected to maintain its policy and not cut rates until June. Prices for goods declined 0.5% Y/Y, while services prices increased 3.9% Y/Y. The increase in personal income was primarily due to increases in government social benefits, personal income receipts on assets, and compensation.

Version 0.21 (2024-02-29 14:17:25.504000)

updates: Updated information on US core PCE Price Index and inflation

Version 0.2 (2024-02-29 14:17:04.237000)

updates: The US Core PCE Price Index eases to its slowest pace in more than two years

Version 0.19 (2024-02-29 13:23:45.560000)

updates: The article provides additional information about the upcoming release of the core PCE index and its potential impact on the Federal Reserve's monetary policy.

Version 0.18 (2024-02-29 10:29:45.203000)

updates: Gold price consolidation ahead of US core PCE Price Index

Version 0.17 (2024-02-29 08:18:09.587000)

updates: GDP revisions, French CPI, German CPI, ECB communication, disinflation, rate cut, PPI data, Hungary, Poland, Czech Republic

Version 0.16 (2024-02-26 11:21:31.312000)

updates: Updates on the upcoming release of the core PCE price index and its potential impact on the US dollar

Version 0.15 (2024-02-25 01:19:40.461000)

updates: The core personal consumption expenditures price index is expected to rise 0.4% from a month earlier, marking the second straight monthly acceleration. The PCE data will likely validate the Fed's stance on not lowering borrowing costs and possibly diminish market expectations for an interest-rate cut.

Version 0.14 (2024-02-24 22:19:18.471000)

updates: Inflation concerns deepen as Fed-favored inflation gauge rises

Version 0.13 (2023-12-22 14:00:29.098000)

updates: New information on PCE index and Christmas Price Index

Version 0.12 (2023-11-30 05:37:07.102000)

updates: Integration of PNC Christmas Price Index data

Version 0.11 (2023-11-29 19:36:32.328000)

updates: Updated information on PCE inflation and the Christmas Price Index

Version 0.1 (2023-11-23 11:03:55.320000)

updates: PNC Bank's Christmas Price Index shows a lower increase compared to last year

Version 0.09 (2023-11-21 21:00:00.934000)

updates: Incorporated information about PNC Christmas Price Index and its comparison to the US Consumer Price Index

Version 0.08 (2023-11-17 10:05:08.920000)

updates: Updated with information on PNC Christmas Price Index

Version 0.07 (2023-11-17 06:03:54.797000)

updates: Updated information on US primary prices, PCE index, and inflation concerns, along with new details on PNC Christmas Price Index

Version 0.06 (2023-11-17 00:01:18.721000)

updates: PNC Christmas Price Index update

Version 0.05 (2023-11-16 13:44:13.702000)

updates: Added information about the increase in the PNC Christmas Price Index

Version 0.04 (2023-11-16 12:40:55.820000)

updates: Added information about the PNC Christmas Price Index

Version 0.03 (2023-10-28 17:06:23.921000)

updates: Reorganized and expanded the information to provide a comprehensive overview of the topic

Version 0.02 (2023-10-27 23:04:02.386000)

updates: Added information about the Fed's hawkish bias and its potential influence on interest rate decisions.

Version 0.01 (2023-10-27 13:05:00.649000)

updates: The title has been changed to reflect the focus on US Core PCE inflation and the stability in September

Version 0.0 (2023-10-20 11:25:11.653000)

updates: