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inflationCNBC
•83% Informative
Commerce Department indexes that the Fed relies on for inflation signals showed prices continuing to climb at a rate still considerably ahead of the central bank's 2% annual goal.
Consumers are spending more than they're taking in, a situation neither sustainable nor disinflationary.
Consumer savings rate plunged to 3.2% , its lowest level since October 2022 .
JPMorgan Chase CEO Jamie Dimon says government spending is creating inflation that's more intractable than appreciated.
Dimon estimates that markets are pricing in the odds of a soft landing at 70% .
Inflation expectations also are on the rise, with one- and five-year inflation expectations at 3.2% and 3% , their highest since November 2023 .
VR Score
89
Informative language
92
Neutral language
41
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semi-formal
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English
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53
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Attention-grabbing headline
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2
Source diversity
2
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