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7 mentions found


☆ The Greased-Pig Economy: Higher Inflation, Stock Market Crash Possible
  + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +10 min
At the same time that prices were cooling off, the rest of the economy seemed to be holding up. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since. But with inflation still above the Fed's goal, it's clear we need to recalibrate some on the demand side still.
Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, —, you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper
☆ America is stuck in a greased-pig economy
  + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +10 min
At the same time that prices were cooling off, the rest of the economy seemed to be holding up. And consumers were so intent on spending money to have a good time that cities let Beyoncé dictate public transit. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since.
Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, —, you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper
☆ Paul Krugman says 'the war on inflation has been pretty much won — without a recession'
  + stars: | 2023-09-13 | by ( Noah Sheidlower | ) www.businessinsider.com   time to read: +4 min
The economist Paul Krugman says the war on inflation is pretty much over. This points to a "Goldilocks" scenario, in which inflation cools without a recession. That's perhaps what happened last month, when core inflation was "distorted by lags in the measured price of shelter," Krugman wrote on X, formerly called Twitter. He pointed to what some call a "Goldilocks" scenario, in which inflation cools without a recession. Notably, among items seeing lower inflation, nearly three in four had an increase in the actual quantity bought by consumers.
Persons: Paul Krugman, disinflation, Krugman, Mike Konczal, Konczal, Patience Organizations: Service, New York Times, Federal Reserve Bank of Chicago, Roosevelt Institute Locations: Wall, Silicon, Ukraine
☆ Get ready to see millions of Americans lose their jobs if Congress doesn't raise the debt ceiling in the next few days
  + stars: | 2023-05-29 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com   time to read: +7 min
The US could default on its debt as soon as June 5 if the debt ceiling isn't raised by then. That would translate to "7.8 million jobs lost from peak to trough," Yaros said. Other industries would see over half a million jobs lost in this scenario, including construction. "It's something closer to the 2001 recession that we had after the dot-com bubble, and you get about 1.5 million jobs lost from peak to trough," Yaros said. And 1.5 million jobs lost — that's still a huge human toll that was unnecessarily incurred."
☆ Companies raising prices to get ahead of skyrocketing costs was one of the biggest drivers of surging inflation, a new study shows
  + stars: | 2023-01-18 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +5 min
Over the past two years, soaring inflation has hit Americans in their wallets. Some pointed to soaring inflation as a byproduct of corporate greed, as firms took advantage of the economic environment to rake in record profits. Even across industries that had "very different relative demand and inflation rates" throughout 2021, markup growth remained pretty much the same. Throughout 2021, companies saw their profits soar, pocketing their highest margins since December 1950. They added that "this suggests that the source of high markup growth in recent years was not a steady increase in monopoly power."
☆ It's looking more likely that any recession next year will be shallow and manageable
  + stars: | 2022-11-10 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com   time to read: +6 min
That's a slowdown from the year-over-year increase of 8.2% in September, and below the 8.0% increase economists surveyed by Bloomberg expected to see. And core CPI, which excludes volatile food and energy prices, saw a year-over-year increase of 6.3% in October, below September's year-over-year increase of 6.6%. This inflation data comes amid concerns of a looming recession, and debates on how bad of an economic downturn it will truly be. Any recession that comes will be mildAs Insider previously reported, a 2023 recession will look unlike any recession Americans have recently experienced, and the latest inflation data and strong jobs report bolster that sentiment. And looking forward, declining inflation levels are likely to shape the Fed's December decision on hiking interest rates.
☆ The inflation-employment conundrum, with AEI's James Pethokoukis & Roosevelt Institute's Mike Konczal
  + stars: | 2022-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe inflation-employment conundrum, with AEI's James Pethokoukis & Roosevelt Institute's Mike KonczalJames Pethokoukis, economic policy analyst at the American Enterprise Institute, and Mike Konczal, director of macroeconomic analysis at the Roosevelt Institute, join 'Power Lunch' to discuss Fed policy decisions, the importance of getting inflation under control and the timeline for a potential pivot.
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