Jeff Horwich
@jeffhorwich.bsky.social
Senior Econ Writer at Minneapolis Fed. If I venture opinions, they are solely personal.
Finally, @atlantafed.org wage-growth tracker has been running ahead of annual change in CPI and PCE since early 2023. People still hate inflation (that is to say, I think, they hate the price level we are stuck with) but wages on the whole are gaining ground again. (5/5)
October 16, 2025 at 8:32 PM
Finally, @atlantafed.org wage-growth tracker has been running ahead of annual change in CPI and PCE since early 2023. People still hate inflation (that is to say, I think, they hate the price level we are stuck with) but wages on the whole are gaining ground again. (5/5)
Price inflation is usefully seen in light of wage inflation. In broad strokes, by one view, ECI "total compensation" still trails the CPI since Covid but has caught up to PCE... (4/5)
October 16, 2025 at 8:32 PM
Price inflation is usefully seen in light of wage inflation. In broad strokes, by one view, ECI "total compensation" still trails the CPI since Covid but has caught up to PCE... (4/5)
Also like to check @newyorkfed.bsky.social Economic Heterogeneity Indicators, which continue to show differences, but narrower ones as overall inflation has fallen... www.newyorkfed.org/research/eco... (3/5)
October 16, 2025 at 8:32 PM
Also like to check @newyorkfed.bsky.social Economic Heterogeneity Indicators, which continue to show differences, but narrower ones as overall inflation has fallen... www.newyorkfed.org/research/eco... (3/5)
...and here's the cumulative price increase for these income-based baskets over the life of that series (which BLS extended retroactive to Dec. 2005). That's a 9 percentage point difference in inflation experienced by lowest and highest quintile households...(2/5)
October 16, 2025 at 8:32 PM
...and here's the cumulative price increase for these income-based baskets over the life of that series (which BLS extended retroactive to Dec. 2005). That's a 9 percentage point difference in inflation experienced by lowest and highest quintile households...(2/5)
With granular country-of-origin, this private data speaks to critical current questions in a way CPI/PCE cannot. Talked to Alberto for @minneapolisfed.bsky.social after he stopped here for a seminar! bsky.app/profile/minn...
How much are tariffs passing through to consumers?
In a new "Basket" Alberto Cavallo of Harvard Business School Pricing Lab tells @jeffhorwich.bsky.social the #tariff effect is now apparent in import and domestic goods--although U.S. retailers appear to be eating much of the tariffs for the moment.
In a new "Basket" Alberto Cavallo of Harvard Business School Pricing Lab tells @jeffhorwich.bsky.social the #tariff effect is now apparent in import and domestic goods--although U.S. retailers appear to be eating much of the tariffs for the moment.
September 25, 2025 at 3:48 PM
With granular country-of-origin, this private data speaks to critical current questions in a way CPI/PCE cannot. Talked to Alberto for @minneapolisfed.bsky.social after he stopped here for a seminar! bsky.app/profile/minn...