Supply Chain Briefs
2022
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December CPI Inflation Rises to 40-Year High
January 12 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Consumer Price Index (CPI) rose to 7.0 percent year-over-year in December, vs. an increase of 6.8 percent year-over-year in November.
2021
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Fed Signals Three 25bp Rate Hikes in 2022
December 15 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)As expected, the Fed delivered a hawkish policy statement at the December meeting, hastening the pace of quantitative easing tapering.
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Lackluster November Retail Sales Prompt Concern
December 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)November's modest uptick was below expectations and suggests that rising prices are curbing consumer spending power.
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Job Growth Weakens as Renewed COVID-19 Uncertainty Looms
December 03 | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report
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October Retail Sales Robust as Holiday Period Begins
November 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail spending in October rose $10.7 billion to $638.2 billion for the month – up 1.7 percent from the previous month and up 16.3 percent from a year earlier.
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Job Growth Increases, No End in Sight for Labor Shortages
November 05 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Comments (0)Commentary on October U.S. Bureau of Labor Statistics Employment Situation Report by Gad Levanon, Head of the Labor Market Institute, The Conference Board
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FOMC Meeting Reaction – Fed Begins Taper, Disagrees Over Inflation
November 03 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)As expected, the Fed announced the start of tapering of its large-scale asset purchases program (LSAP), and exhibited a more hawkish tone on inflation at its November meeting.
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Are Consumer Expectations Signaling Recession?
November 01 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Lynn Franco, Former Senior Director, Economic Indicators and Surveys, The Conference Board | Comments (0)US consumer expectations as measured by The Conference Board Consumer Confidence Index ticked up in October, but this followed three months of declines. Did the declines signal recession in 2022 or just a hiccup related to the Delta variant? We propose the latter.
