Economists See Year End Surge in Inflation


    Core consumer prices, which exclude food and energy costs, are expected to be up six percent from the fourth quarter of 2020, the NABE said. In the September survey, the increase was forecast at just 5.1 percent.

    Seventy-one percent of economists survey think the Federal Reserve’s preferred measure of inflation, the core PCE price index, will not cool down to the Fed’s target of two percent until the second half of 2023 or later.

    “Two-thirds of the panel expect wage increases will keep inflation elevated over the next three years,” said Survey Chair Yelena Shulyatyeva, senior U.S. Economist, Bloomberg.

    The Department of Labor will report the November Consumer Price Index on Friday. Prices are expected to rise 6.7 percent compared with November 2020. Core CPI is forecast as jumping 4.9 percent.

    Trump’s Secret Legacy Is Set To Create Small Fortunes!

    Developing Story - Trump administration oversaw a RADICAL change to the tech world… one that could unleash a huge wave prosperity… and wealth creation in the near future. Find Out More

    Find Out More

    Even while they view inflation as hotter, economists have been downgrading their projections for growth.

    “For a second consecutive survey, NABE panelists have downgraded their forecasts for economic growth in 2021. The median forecast for the change in inflation-adjusted gross domestic product (real GDP) from the fourth quarter (Q4) 2020 to Q4 2021 is 4.9%. This forecast is down from the 5.6% year-over-year (y/y) rate forecasted in the September 2021 survey, and the 6.7% in the May survey. The median real GDP growth estimate for 2022 is 3.6% y/y, up slightly from the estimate in the September survey,” the NABE reported.

    Jeff Bezos’ Big Bet
    World’s 2nd-Richest Man’s Latest Bombshell

    The fuse has already been lit... and on March 9th I believe he’ll reveal a few more details. If you missed out on taking advantage of the Amazon success story... don’t miss out again. Find Out More

    Find Out More


    Please enter your comment!
    Please enter your name here