{"id":461224,"date":"2022-06-10T17:31:30","date_gmt":"2022-06-10T14:31:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/record-high-us-inflation-has-analysts-gloomy\/"},"modified":"2022-06-10T17:31:30","modified_gmt":"2022-06-10T14:31:30","slug":"record-high-us-inflation-has-analysts-gloomy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/record-high-us-inflation-has-analysts-gloomy\/","title":{"rendered":"#Record-high US inflation has analysts gloomy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2896dca7f2c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2896dca7f2c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/record-high-us-inflation-has-analysts-gloomy\/#%E2%80%9CRecord-high_US_inflation_has_analysts_gloomy%E2%80%9D\" >&#8220;Record-high US inflation has analysts gloomy&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CRecord-high_US_inflation_has_analysts_gloomy%E2%80%9D\"><\/span>&#8220;Record-high US inflation has analysts gloomy&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Economists seeking a sign that the country\u2019s financial health was turning a corner were left reeling after the federal government released data indicating that inflation rose at a pace not seen in more than four decades.<\/p>\n<p>Consumer prices surged 8.6% last month from 12 months earlier, faster than April\u2019s year-over-year surge of 8.3%, the Labor Department said Friday.<\/p>\n<p>The cost of gas, food and other necessities jumped in May, giving American households no respite from rising costs.<\/p>\n<p>The latest figures dashed hopes that the worst of inflation, which has spiraled out of control in the last year, was behind us.<\/p>\n<p>\u201cSo much for the idea that inflation has peaked,\u201d Greg McBride, the chief financial analyst for Bankrate, told The Post. <\/p>\n<p>\u201cConsumer prices blew past expectations \u2013 and not in a good way \u2013 with the 8.6% annual increase the fastest in more than 40 years. Worse, the increases were nearly ubiquitous.\u201d<\/p>\n<p>\u201cJust no place to hide.\u201d<\/p>\n<p>With gasoline prices up 50% year-over-year, rent prices having increased by 31%, and food prices rising at their steepest rate in more than 41 years during the same period, \u201cany relief for household budgets remains elusive,\u201d McBride said.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/supermarket-meat-prices-inflation-copy-2.jpg?w=1024\" alt=\"Soaring energy and food prices have put a squeeze on American consumers.\" class=\"wp-image-22607553\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/supermarket-meat-prices-inflation-copy-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/supermarket-meat-prices-inflation-copy-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/supermarket-meat-prices-inflation-copy-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Soaring energy and food prices have put a squeeze on American consumers.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Low unemployment and recently strong jobs numbers stoked some optimism that the worst of inflation has passed. But Friday\u2019s numbers were a cold dose of reality.<\/p>\n<p>\u201cThe idea of peak inflation assumes that our supply chain disruptions are over and won\u2019t recur anytime soon and I\u2019m not so sure we can be confident of that,\u201d Nancy Davis, founder of Greenwich, Connecticut-based Quadratic Capital Management, told The Post.<\/p>\n<p>Experts told The Post that the American consumer is now paying the price for the Fed\u2019s robust intervention, which kept the economy afloat during the dark days of the coronavirus pandemic.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cThe record levels of inflation are being driven by the unprecedented easy money policy that was adopted by the Federal Reserve in response to the economic downturn precipitated by the Coronavirus pandemic,\u201d Robert R. Johnson, the chairman and CEO of New York City-based Economic Index Associates, said. <\/p>\n<p>\u201cSimply put, it can be explained by \u2018too many dollars chasing too few goods\u2019.\u201d<\/p>\n<p>Peter Earle, a research fellow at the American Institute for Economic Research, told The Post that \u201cthe costs of tremendous expansionary monetary policy measures of 2020 and 2021 [are] coming home to roost.\u201d<\/p>\n<p>He said that the stubbornly high levels of inflation is giving the Fed and its chair, Jerome Powell, limited options.<\/p>\n<p>\u201cThe Fed is now between a rock and a very hard place,\u201d Earle told The Post.<\/p>\n<p>\u201cActing more aggressively to stem the rise in prices heightens the likelihood of causing a recession.\u201d<\/p>\n<p>He added: \u201cInflation is now a front-page issue.\u201d<\/p>\n<p>Whether the Fed succeeds in bringing inflation under control is up in the air, according to analysts, particularly in light of persistent uncertainties fueled by geopolitical turmoil in Eastern Europe.<\/p>\n<p>\u201cIt\u2019s still unclear how effective tighter monetary policy will be in pushing inflation down, which is largely being driven by supply chain disruptions, which have only worsened since the war in Ukraine that is showing no signs of ending,\u201d Davis said.<\/p>\n<p>She added there is a real fear that aggressive moves by the Fed will end up \u201cchoking\u201d the economy.<\/p>\n<p>\u201cThe Fed has been talking a very good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> and the rates market expects hikes will reduce future inflation,\u201d Davis said. <\/p>\n<p>\u201cHistorically, Fed utterances have been very powerful. Everyone knows you don\u2019t fight the Fed.\u201d<\/p>\n<p>\u201cBut inflationary pressures are still coming from the supply side, which the Fed cannot control.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/10\/record-high-us-inflation-has-analysts-gloomy\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Record-high US inflation has analysts gloomy&#8221; Economists seeking a sign that the country\u2019s financial health was turning a corner were left reeling after the federal government released data indicating that inflation rose at a pace not seen in more than four decades. Consumer prices surged 8.6% last month from 12 months earlier, faster than April\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":461225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/gas-station-prices-inflation-new-york.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130176,5069,100568,70551,74489,91261],"class_list":["post-461224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-10-22","tag-economy","tag-gas-prices","tag-inflation","tag-oil-prices","tag-recession"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/461224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=461224"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/461224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/461225"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=461224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=461224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=461224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}