Anna Wong (@annaeconomist) 's Twitter Profile
Anna Wong

@annaeconomist

Chief US Economist, Bloomberg LP @economics. Former Fed/CEA/US Treasury, @uchi_economics @UCberkeley. All opinions are my own.

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calendar_today11-05-2022 17:01:05

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Anna Wong
@annaeconomist

5 months ago

To give some perspective on the massive spike of inflation expectations in Umich survey today, here's a ballpark check: -core PCE weight has 24% weight on goods, 76% on services -The typical drop in unit labor costs associated with the kind of magnitudes we just saw in the Umich

To give some perspective on the massive spike of inflation expectations in Umich survey today, here's a ballpark check: -core PCE weight has 24% weight on goods, 76% on services -The typical drop in unit labor costs associated with the kind of magnitudes we just saw in the Umich