Searching for Peak Inflation

Check out the accompanying pdf and chart collection. (1) Any pent-up demand left? (2) Business sales soared to new record high during June. (3) Restocking of depleted inventories should boost economic growth. (4) Factories are humming. (5) PCED inflation currently around 3.0%-4.0% should settle back down to 2.0%-2.5% later this year. (6) Should the Fed’s inflation target be raised from 2.0% to 3.0%? (7) Base effect having less effect on boosting inflation now. (8) Demand shock and supply shortages still boosting some prices. (9) Lots of inflationary pressures still in PPI, commodity prices, and prices-received indexes.