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Headline CPI Hotter Than Expected, Core Remains Above 4.00% | ZeroHedge

Following August's bigger than expected jump  (driven by surging energy prices and healthcare methodology changes)., September's CPI was expected to slow (+0.3% MoM) with the YoY pace inching back lower (from 3.7% to 3.6%) after rebounding for two straight months.

However, headline CPI came in modestly hot at +0.4%, with YoY at 3.7% – that is thed 3rd monthly rebound in a row.

Source: Bloomberg

Core CPI rose 0.3% MoM, with YoY sliding to +4.1% YoY (as expected).. (more…)

Continue ReadingHeadline CPI Hotter Than Expected, Core Remains Above 4.00% | ZeroHedge
Read more about the article IMF Expects Subdued Growth As “Tightening Starts To Bite” | ZeroHedge

IMF Expects Subdued Growth As “Tightening Starts To Bite” | ZeroHedge

The International Monetary Fund (IMF) published its latest update on the state of the world economy on Tuesday, predicting sluggish growth for 2023 and 2024, as many challenges persist and policy tightening is taking effect.

As Statista's Felix Richter reports, according to its World Economic Outlook, the organization now expects global GDP to grow by 3.0 percent this year, down from 3.5 percent in 2022.

You will find more infographics at Statista

For next year, (more…)

Continue ReadingIMF Expects Subdued Growth As “Tightening Starts To Bite” | ZeroHedge

Janet Yellen Suggests Much Lower For Much Longer | ZeroHedge

Authored by Michael Lebowitz via RealInvestmentAdvice.com,

On October 5, 2023, Treasury Secretary Janet Yellen made a very telling statement about the future course of interest rates.

Her statement implies that the economy will be strong and the government will run budget surpluses, or interest rates will be near zero for the next ten years.

Instead of guessing what she is pondering, we do some math and arrive at the only possible answer.  

The Government Can’t Afford Today’s (more…)

Continue ReadingJanet Yellen Suggests Much Lower For Much Longer | ZeroHedge