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Inflation Outlook.pdf

Macro_View_081720.pdf

🔗 Source: funds.palos.ca

📊 Size: 887 KB

👤 Author: Amjad Alaik

⬇️ Downloads: 81

Summary

The US economy showed positive signs, with the Small Business Optimism Index, industrial production, and retail sales increasing, while jobless claims decreased. The S&P 500 rose 0.7% to near an all-time high. Inflation measures jumped in July, with producer prices, import prices, and consumer prices rising more than expected. The indicators supporting higher prices include rising commodity prices, a steepening yield curve, a drop in the US Dollar Index, and the likelihood of another fiscal relief package. The money supply is up 22% year over year, and velocity is expected to rise as money is spent, potentially leading to higher inflation and growth. Goldman's David Kostin raised his year-end target for the S&P 500 to 3600, reflecting a 7% return, based on an economy that will rebound 6.4% and S&P EPS rise to $170 in 2021.

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Description

The US economy showed positive signs, with the Small Business Optimism Index, industrial production, and retail sales increasing, while jobless claims...

Technical Information

File Format: PDF
File Size: 887 KB
Pages: 4
Language: EN
Author: Amjad Alaik
Total Downloads: 81
Last Updated: 1 month ago

Document Overview

This PDF document about Inflation Outlook provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Inflation Outlook.