Attention Economy


Tuesday, May 3, 2022

Inflation Persistence

The Hot Housing Market Makes the Fed’s Inflation-Fighting Job Even Tougher
https://www.bloomberg.com/news/articles/2022-05-03/housing-market-prices-rise-worsen-inflation-dilemma
With mortgage rates going up but underlying demand still strong, policymakers may have to hike higher.
Mortgage rates are rising, but the hot housing market is slow to cool
https://www.washingtonpost.com/business/2022/05/03/fed-mortgage-rate-inflation/
 
Job openings hit new records, while 4.5 million Americans quit or changed jobs in March, reflecting labor market strength
https://www.washingtonpost.com/business/2022/05/03/jobs-quits-hires-march-2022/

The Era of Cheap and Plenty May Be Ending
https://www.nytimes.com/2022/05/03/business/economy/pandemic-supply-chains-inflation.html
Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.

My take: