Inflation

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July 9, 2023 by Skanda Amarnath — 10 min read

June Inflation Preview: The Path To The Fed's 2% PCE Goals Is Getting Clearer But Not Soon Enough To Forestall a July Hike

Unit Labor Costs are Literally Constructed Using Prices

Preston Mui — 9 min read

One argument that the labor market is to blame for high inflation has been the significant rise in unit labor costs during the post-pandemic recovery. The most recent example comes from the ECB:

CPI Core PCE Data Economic Activity Inflation Labor Markets Methods Wages

State Space - How Core PCE Outcomes Are Likely To Map To The Fed's Interest Rate Decisions Through 2023

Skanda Amarnath — 1 min read

Welcome to our State Space series. Here you will find how we’re thinking about the pathways and scenarios that could take us to critical economic states. We...

Core-Cast Core Inflation Core PCE Fed Expectations Fed Policy FOMC Inflation State Space Macro and Markets

Paid-members

State Space - How Core PCE Outcomes Are Likely To Map To The Fed's Interest Rate Decisions Through 2023

Skanda Amarnath — 6 min read

State Space Core PCE Core Inflation Core-Cast Fed Expectations Fed Policy Inflation Macro and Markets FOMC

Wage Passthrough to Prices is Minimal and Abating

Preston Mui — 7 min read

Throughout the pandemic recovery, high inflation has been attributed to tight labor markets and high wage growth. Fed officials have, for months, maintained that the labor market needs...

Core Services Ex Housing Fed Expectations Fed Policy Inflation Inflation Expectations Monetary Policy Wages

June Inflation Preview: The Path To The Fed's 2% PCE Goals Is Getting Clearer But Not Soon Enough To Forestall a July Hike

Unit Labor Costs are Literally Constructed Using Prices

State Space - How Core PCE Outcomes Are Likely To Map To The Fed's Interest Rate Decisions Through 2023

State Space - How Core PCE Outcomes Are Likely To Map To The Fed's Interest Rate Decisions Through 2023

Wage Passthrough to Prices is Minimal and Abating

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