Inflation – U.S. Headline CPI vs. U.S. Unemployment Rate
Inflation – U.S. Headline CPI vs. U.S. Unemployment Rate Historically, U.S. inflation peaks before the unemployment rate bottoms. Image: J.P. Morgan Asset Management
Inflation – U.S. Headline CPI vs. U.S. Unemployment Rate Historically, U.S. inflation peaks before the unemployment rate bottoms. Image: J.P. Morgan Asset Management
Inflation – Core PCE and CPI Core PCE and core CPI are expected to decline substantially in 2022 and 2023. Will the Fed be more dovish than expected? Image: Goldman Sachs Global Investment Research
M2 Money Supply and CPI Inflation The decline in M2 money supply suggests lower inflation ahead. Image: Real Investment Advice
Inflation – U.S. Core CPI vs. ISM Manufacturing PMI (Leading Indicator) The U.S. ISM Manufacturing PMI tends to lead U.S. core CPI by 12 months. Image: BCA Research
Inflation – U.S. Core Goods CPI U.S. core goods CPI is expected to decelarate markedly this year. Image: Morgan Stanley Research
U.S. Inflation – Food at Home, Food Away from Home and Food CPI Food inflation is expected to remain high. Image: BofA Global Research
Inflation – PPI to CPI Spread vs. S&P 500 When the spread between PPI and CPI widens, it does not bode well for corporate profits. Image: Real Investment Advice
Wars – S&P 500 in Real Terms and U.S. CPI Inflation Will inflation hurt U.S. equity returns? Image: Gavekal, Macrobond
Inflation – 2-Year Change in Labor Participation Rate and 2-Year Change in CPI Growth Labor shortages contribute to inflation. Image: Alpine Macro
Inflation – U.S. CPI YoY and Cass Freight Shipments Index YoY (Leading Indicator) The Cass Freight Shipments Index suggests lower U.S. inflation in the second half of 2022. Image: Fundstrat Global Advisors, LLC