Inflation Rundown
Summary
The "Inside Economics" team, joined by Matt Colyar, analyzes July's CPI and PPI reports, highlighting an accelerating core inflation and producer price jump driven by tariffs and immigration policy, while markets remain surprisingly optimistic. They also delve into recent retail sales data, noting a significant slowdown in consumer spending and real income pressures. The discussion extends to data quality issues at the BLS and a lively debate on AI's long-term impact on the labor market, concluding with overall concerns about economic growth slowing as inflation picks up.Episode description
It was a week headlined by crucial inflation data. The Inside Economics crew is joined by colleague Matt Colyar to dig into July’s consumer price index. July’s CPI was unsurprising, but that doesn’t mean it was good. The group discusses why markets might have been too cheery about it and what they think inflation looks like in the coming months (see July’s producer price index). Finally, some loquacious responses to a handful of listener questions.
Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s Analytics
Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn
Questions or Comments, please email us at InsideEconomics@moodys.com. We would love to hear from you.
To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.