Contributions to YoY Core PCE Inflation from Supply-Constrained Categories Are pessimistic fears of high inflation exaggerated? Image: Goldman Sachs Global Investment Research
Inflation – U.S. Core PCE Deflator Are fears of high inflation overblown? Image: Alpine Macro
WTI Oil Price and Core PCE Inflation Oil prices tend to be closely linked to inflation. Image: Alpine Macro
U.S. 10-Year Breakeven Inflation and Core PCE Inflation and Commodities (Leading Indicator) Is the surge in U.S. inflation peaking? Image: Alpine Macro
Valuation – Core PCE Inflation and CAPE Ratio Should investors worry about rising inflation? Image: TS Lombard
Commodity, ISM Prices and Core PCE Price Index (Inflation) Commodities and manufactured goods tend to lead core inflation. Image: Morgan Stanley Wealth Management
U.S. Inflation Expectations – U.S. 5-Year Breakeven and U.S. Core PCE Price Index Will inflation expectations fall back to lower levels? Image: Bloomberg
Core PCE Inflation and 5-Year, 5-Year Forward Breakeven Inflation Rate Are inflation expectations too high? Image: Alpine Macro
Inflation – U.S. Core PCE Deflator This chart could suggest more inflation ahead. Image: Alpine Macro
Valuation – Average Forward P/E in Core PCE Inflation Ranges Since 1976 Historically, inflation generally had a negative impact on valuations when core PCE approached 2%, in the anticipation of rate hikes. Image: Goldman Sachs Global Investment Research