Global Data Pod Global Data Pod Weekender: Inflation, politics, and central banking
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Jul 18, 2025 Delve into the complexities of inflation and the unique challenges facing central banks globally. Learn how the Fed navigates the tricky waters of high inflation amid political pressures. Explore the dynamics of inflation trends in various regions and their impacts on growth. Examine the rapid expansion in tech and pharma industries and their economic implications. Lastly, get insights into predictions for the core Consumer Price Index and the Federal Reserve's interest rate policies, amid ongoing economic uncertainty.
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Global Inflation Trends Show Complexity
- Inflation outside the US is expected to decline due to weaker tariff pass-through and slowing growth.
- However, recent core inflation data show stickiness, especially in services outside the US, challenging these views.
US vs Global Service Inflation Divergence
- The US shows signs that tariff-related goods price pressures are beginning to appear.
- Service price inflation remains strong outside the US, notably in Europe and Latin America, contrasting with US service price declines.
Weaker Pricing Power in US Services?
- US goods price pressures have taken longer but show signs of building.
- The unclear moderation in US service prices may indicate weaker overall pricing power in a soft growth environment.