核心通货膨胀现象和跟踪

From Cleveland Fed, Goldman Sachs, plus Bloomberg consensus – generally, acceleration in the q/q annualized: Figure 1: Quarter-on-Quarter annualized inflation of CPI (bold black), Cleveland Fed nowcast as of 8/8 (gray square), Bloomberg consensus, Kalshi betting CT (chartreuse triangle), Goldman Sachs as of 8/7 (red *), PCE的通货膨胀(Bold Blue),Cleveland Fed Now casting为[…]

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From Cleveland Fed, Goldman Sachs, plus Bloomberg consensus – generally, acceleration in the q/q annualized:Figure 1: Quarter-on-Quarter annualized inflation of CPI (bold black), Cleveland Fed nowcast as of 8/8 (gray square), Bloomberg consensus, Kalshi betting CT (chartreuse triangle), Goldman Sachs as of 8/7 (red *), PCE(Bold Blue)的通货膨胀,克利夫兰从88(浅蓝色广场)开始播放。资料来源:BLS,BEA,Cleveland Fed访问了8/8,彭博社,卡尔西(Kalshi)访问了8/8中午CT,高盛萨克斯(Goldman Sachs)和作者的计算。注意,克利夫兰美联储的核心CPI现在不依赖于进口价格的信息,而是仅依靠CPI的信息,而是核心PCE,而核心PCE则是在CPI和CPI和PCE上的讨论。这与依赖其他信息(例如汽油价格)的标题CPI和PCE NOWCAST相反。因此,是否对象征性(限制信息但透明)提出更多信心,还是跟踪(大概更多的信息,更多的临时信息,但透明度较低)需要权衡。克利夫兰美联储的作者至少记录了他们的方法学如何优于MIDAS和动态因素模型方法。

来自克利夫兰美联储,高盛·萨克斯(Goldman Sachs),加上彭博社共识 - 通常,Q/Q年度加速:

图1:CPI(Bold Black)的四分之一年度通货膨胀率,克利夫兰为8/8(灰色广场),彭博社共识,Kalshi Betting CT(Chartreuse Triangle),Goldman Sachs,如8/7(红色 *),PCE(BOLD BLUE),CLEVELAND FEED(88)。资料来源:BLS,BEA,Cleveland Fed访问了8/8,彭博社,卡尔西(Kalshi)访问了8/8中午CT,高盛萨克斯(Goldman Sachs)和作者的计算。

图1: 在这里