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Search resuls for: "supercore"


4 mentions found


☆ Supercore inflation: Why the Fed suddenly cares about your barbershop and plumbing bills
  + stars: | 2023-03-13 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +8 min
Hence, supercore inflation equals the inflation of a basket of goods and services, minus the food and energy inflation, and minus the housing inflation. This ultra-focussed lens is what makes the set of prices in the inflation measure "supercore." supercore inflation, "may be the most important category for understanding the future evolution of core inflation," Fed Chair Jerome Powell said in November. "Traditionally, the Fed focused on core inflation because the components were deemed to be less volatile — and by extension, transitory. Not all economists think supercore inflation is all it's hyped up to beBut not all economists are convinced about the focus on supercore inflation.
☆ Inflation has gone supercore
  + stars: | 2023-02-13 | by ( Christine Romans | ) edition.cnn.com   time to read: +4 min
The new favorite: supercore inflation. Supercore inflation refers to prices that rise when workers get paid more for their services. “Supercore inflation was a strong 6.4% on a year-over-year basis through December 2022, but it is moderating,” said Mark Zandi, Moody’s chief economist. For the three months through December, supercore inflation is up only 2.4% annualized, and just 0.9% annualized in the month of December. “Supercore inflation is still way too hot, but it has begun to cool off, and all signs point to it and overall inflation getting back to something more comfortable over the coming 12-18 months,” Zandi told CNN.
☆ New White House Wage Data Show Slowing Pressure on ‘Supercore’ Inflation
  + stars: | 2023-02-08 | by ( Greg Ip | ) www.wsj.com   time to read: 1 min
Annual supercore inflation was running at about 4% at the end of last year, below overall inflation of 5% but still double the Fed’s 2% target. New White House wage figures suggest labor-cost pressures are easing in the parts of the economy where the Federal Reserve is most concerned about inflation. Fed Chair Jerome Powell said recently he is analyzing inflation pressures by focusing on prices for services other than housing, which includes things such as haircuts, dining out and visits to the dentist. That excludes prices for goods, food, energy and housing, the categories most distorted by the pandemic.
☆ Forget Core CPI, Market Pros Are Searching for Supercore Inflation
  + stars: | 2023-01-12 | by ( Sam Goldfarb | ) www.wsj.com   time to read: 1 min
Prices of services are rising quickly. Prices of goods are falling. Policy makers and market watchers already strip out volatile components of price indexes to understand what is known as core inflation. These days, many are on the hunt for an even narrower measure: a supercore. When the Labor Department releases its latest inflation reading on Thursday, most investors will still look first at the monthly change in the so-called core consumer-price index, which excludes food and energy categories to provide a better sense of inflation’s longer-term trajectory.
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