+Follow
小毛毛球
No personal profile
281
Follow
7
Followers
0
Topic
0
Badge
Posts
Hot
小毛毛球
2022-11-30
H
Supply or demand? The Fed is trying to figure out what drives high inflation
小毛毛球
2021-05-04
。
Reminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3544311913509781","uuid":"3544311913509781","gmtCreate":1581219159364,"gmtModify":1581219159364,"name":"小毛毛球","pinyin":"xmmqxiaomaomaoqiu","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":7,"headSize":281,"tweetSize":3,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":48,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.08","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":3,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":620539836,"gmtCreate":1669821732826,"gmtModify":1676538251454,"author":{"id":"3544311913509781","authorId":"3544311913509781","name":"小毛毛球","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3544311913509781","idStr":"3544311913509781"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620539836","repostId":"2287792664","repostType":4,"repost":{"id":"2287792664","kind":"news","pubTimestamp":1669820474,"share":"https://ttm.financial/m/news/2287792664?lang=en_US&edition=fundamental","pubTime":"2022-11-30 23:01","market":"us","language":"zh","title":"Supply or demand? The Fed is trying to figure out what drives high inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2287792664","media":"智通财经","summary":"旧金山联储的分析显示，目前通胀更多是由需求驱动的，但其他研究表明很难区分通胀的驱动因素。根据美联储经济学家建立的新衡量标准，商品和服务的强劲需求可能正开始超过疫情和俄乌冲突造成的供应限制，成为推动美国","content":"<p><html><head></head><body>The San Francisco Fed's analysis shows that inflation is more demand-driven right now, but other research shows it's difficult to distinguish the drivers of inflation.</p><p>Strong demand for goods and services may be beginning to outweigh supply constraints caused by the pandemic and the Russia-Ukraine conflict, becoming an important factor driving U.S. prices, according to new measures established by Federal Reserve economists.</p><p>On the face of it, that means inflation is more likely to persist, even as the devastation caused by the pandemic and war fades out of view, strengthening the case for the Fed to tighten policy to combat inflation. But the new study also contains evidence pointing in the other direction, illustrating how difficult it is to disentangle the impact of supply and demand on prices.</p><p>\"This is an old economic problem\",<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Chief economist Mark Zandi said, \"In terms of current monetary policy, this is really important because if you feel that it is more supply-side driven than demand-side driven, you may be more supportive of the view that the Fed should proceed cautiously.\"</p><p><img src=\"https://static.tigerbbs.com/1b83bc4b1578c580dcefe7f8653863ff\" tg-width=\"543\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>To sort out the different drivers of inflation, economists at the Federal Reserve focused on the relationship between the prices of individual goods and services and the amount of those goods and services consumers buy. In the category where prices and volumes are rising at the same time, inflation is classified as primarily demand-driven. Where prices rise and quantities fall, inflation is called supply-driven.</p><p>Typically, demand-driven types are considered more durable than supply-driven types. But new research shows that this conclusion is actually not that clear-cut.</p><p><b>Sustained demand driven</b></p><p>The Federal Reserve's upcoming core PCE price index (excluding food and energy) for October is expected to fall to 5%. It stood at 5.1% in September, a month in which demand-driven price pressures outpaced supply-driven annual numbers for the first time since inflation began in summer 2021, according to the San Francisco Fed's breakdown data using price and volume methods.</p><p>It is worth noting that there are still quite large-scale \"fuzzy\" categories of goods and services that fall neither fully into the supply bucket nor the demand bucket, which account for about one-fifth of the total. That means demand still accounts for less than half of headline core inflation.</p><p>Another problem is that demand-driven inflation does not necessarily require a tougher response from the central bank in the form of higher interest rates. It depends on whether these effects fade quickly, another factor economists at the Boston Federal Reserve Bank have been studying.</p><p>\"A sustained demand shock requires'going against the wind 'more than a short-lived demand shock,\" said Viacheslav Sheremirov, an economist at the Boston Federal Reserve Bank.</p><p>Once inflation in a certain class of goods or services is identified as demand-driven or supply-driven, Sheremirov's research attempts to further classify it as temporary or persistent. \"I actually found a significant ongoing demand component, which is not common compared to historical data. Typically, most of the demand comes from temporary sources\".</p><p><b>Impact of housing</b></p><p>Data from the San Francisco Federal Reserve Bank shows that housing plays an important role in driving demand, in part because it accounts for a huge portion of households' monthly budgets. But it's not easy to classify housing as a persistent source of demand-driven inflation, the Boston Fed's study found.</p><p>Instead, it sees other service categories, especially travel-related services, such as airfare and hotel accommodation, as the most persistent drivers of demand-driven inflation.</p><p>This is in line with a rush to spend savings built up during lockdown when the service sector reopened. Although by June 2022, when the Boston Fed's analysis stopped, the impact began to fade.</p><p><img src=\"https://static.tigerbbs.com/9ca119353b9b8567426a980024dd0080\" tg-width=\"539\" tg-height=\"368\" referrerpolicy=\"no-referrer\"/></p><p>Zandi is doing a similar price and volume analysis, and its research shows that the impact of demand pressures peaked in the spring and summer of 2021, with the passage of the American Rescue Plan and the rollout of vaccines driving spending, and supply shocks pushing inflation to 40 years after the economy reopened. year highs.</p><p>With these supply-side pressures now also starting to subside, inflation may become more demand-driven again, but this will coincide with a lower headline inflation rate: forecasters expect inflation to fall below 3% by the end of next year.</p><p>Zandi said: \"If nothing changes, then in six or 12 months, inflation will be more on the demand side than the supply side. But by then, the inflation rate will be much lower and won't be a problem. It's a problem now, and what is a problem now is on the supply side.\"</p><p></body></html></p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Supply or demand? The Fed is trying to figure out what drives high inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSupply or demand? The Fed is trying to figure out what drives high inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2022-11-30 23:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The San Francisco Fed's analysis shows that inflation is more demand-driven right now, but other research shows it's difficult to distinguish the drivers of inflation.</p><p>Strong demand for goods and services may be beginning to outweigh supply constraints caused by the pandemic and the Russia-Ukraine conflict, becoming an important factor driving U.S. prices, according to new measures established by Federal Reserve economists.</p><p>On the face of it, that means inflation is more likely to persist, even as the devastation caused by the pandemic and war fades out of view, strengthening the case for the Fed to tighten policy to combat inflation. But the new study also contains evidence pointing in the other direction, illustrating how difficult it is to disentangle the impact of supply and demand on prices.</p><p>\"This is an old economic problem\",<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Chief economist Mark Zandi said, \"In terms of current monetary policy, this is really important because if you feel that it is more supply-side driven than demand-side driven, you may be more supportive of the view that the Fed should proceed cautiously.\"</p><p><img src=\"https://static.tigerbbs.com/1b83bc4b1578c580dcefe7f8653863ff\" tg-width=\"543\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>To sort out the different drivers of inflation, economists at the Federal Reserve focused on the relationship between the prices of individual goods and services and the amount of those goods and services consumers buy. In the category where prices and volumes are rising at the same time, inflation is classified as primarily demand-driven. Where prices rise and quantities fall, inflation is called supply-driven.</p><p>Typically, demand-driven types are considered more durable than supply-driven types. But new research shows that this conclusion is actually not that clear-cut.</p><p><b>Sustained demand driven</b></p><p>The Federal Reserve's upcoming core PCE price index (excluding food and energy) for October is expected to fall to 5%. It stood at 5.1% in September, a month in which demand-driven price pressures outpaced supply-driven annual numbers for the first time since inflation began in summer 2021, according to the San Francisco Fed's breakdown data using price and volume methods.</p><p>It is worth noting that there are still quite large-scale \"fuzzy\" categories of goods and services that fall neither fully into the supply bucket nor the demand bucket, which account for about one-fifth of the total. That means demand still accounts for less than half of headline core inflation.</p><p>Another problem is that demand-driven inflation does not necessarily require a tougher response from the central bank in the form of higher interest rates. It depends on whether these effects fade quickly, another factor economists at the Boston Federal Reserve Bank have been studying.</p><p>\"A sustained demand shock requires'going against the wind 'more than a short-lived demand shock,\" said Viacheslav Sheremirov, an economist at the Boston Federal Reserve Bank.</p><p>Once inflation in a certain class of goods or services is identified as demand-driven or supply-driven, Sheremirov's research attempts to further classify it as temporary or persistent. \"I actually found a significant ongoing demand component, which is not common compared to historical data. Typically, most of the demand comes from temporary sources\".</p><p><b>Impact of housing</b></p><p>Data from the San Francisco Federal Reserve Bank shows that housing plays an important role in driving demand, in part because it accounts for a huge portion of households' monthly budgets. But it's not easy to classify housing as a persistent source of demand-driven inflation, the Boston Fed's study found.</p><p>Instead, it sees other service categories, especially travel-related services, such as airfare and hotel accommodation, as the most persistent drivers of demand-driven inflation.</p><p>This is in line with a rush to spend savings built up during lockdown when the service sector reopened. Although by June 2022, when the Boston Fed's analysis stopped, the impact began to fade.</p><p><img src=\"https://static.tigerbbs.com/9ca119353b9b8567426a980024dd0080\" tg-width=\"539\" tg-height=\"368\" referrerpolicy=\"no-referrer\"/></p><p>Zandi is doing a similar price and volume analysis, and its research shows that the impact of demand pressures peaked in the spring and summer of 2021, with the passage of the American Rescue Plan and the rollout of vaccines driving spending, and supply shocks pushing inflation to 40 years after the economy reopened. year highs.</p><p>With these supply-side pressures now also starting to subside, inflation may become more demand-driven again, but this will coincide with a lower headline inflation rate: forecasters expect inflation to fall below 3% by the end of next year.</p><p>Zandi said: \"If nothing changes, then in six or 12 months, inflation will be more on the demand side than the supply side. But by then, the inflation rate will be much lower and won't be a problem. It's a problem now, and what is a problem now is on the supply side.\"</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/840090.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SQQQ":"纳指三倍做空ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4534":"瑞士信贷持仓","DXD":"两倍做空道琼30指数ETF-ProShares","SPY":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","DDM":"2倍做多道指ETF-ProShares","TQQQ":"纳指三倍做多ETF","OEF":"标普100指数ETF-iShares","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","BK4559":"巴菲特持仓","BK4504":"桥水持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓"},"source_url":"http://www.zhitongcaijing.com/content/detail/840090.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2287792664","content_text":"旧金山联储的分析显示，目前通胀更多是由需求驱动的，但其他研究表明很难区分通胀的驱动因素。根据美联储经济学家建立的新衡量标准，商品和服务的强劲需求可能正开始超过疫情和俄乌冲突造成的供应限制，成为推动美国物价的重要因素。从表面上看，这意味着通胀更有可能持续下去，即使疫情和战争造成的破坏逐渐淡出人们的视野，这也增强了美联储收紧政策以应对通胀的理由。但新的研究也包含了指向另一个方向的证据，说明了理清供需对价格的影响有多么困难。“这是一个古老的经济问题”，穆迪首席经济学家Mark Zandi表示，“就当前的货币政策而言，这真的很重要，因为如果你觉得它更多是由供给侧驱动的，而不是由需求侧驱动的，你可能会更支持美联储应该谨慎行事的观点”。为了梳理出通胀的不同驱动因素，美联储的经济学家们把重点放在了个别商品和服务价格与消费者购买这些商品和服务数量之间的关系上。在价格和数量同时上升的类别中，通胀被归类为主要由需求驱动的。在价格上升而数量下降的情况下，通货膨胀被称为供给驱动。通常情况下，需求驱动型被认为比供应驱动型更持久。但新的研究表明，这个结论实际上并没有那么明确。持续性需求驱动美联储即将公布的10月核心PCE物价指数(不包括食品和能源类)预计将降至5%。根据旧金山联储使用价格和数量方法的细分数据，9月份这一数字为5.1%，自2021年夏季通胀开始以来，该月需求驱动的价格压力首次超过了供应驱动的年度数字。值得注意的是，仍有相当大规模的“模糊”商品和服务类别，它们既不能完全归入供应桶，也不能完全归入需求桶，这类商品和服务约占总量的五分之一。这意味着需求在整体核心通胀中所占的比重仍不到一半。另一个问题是，需求驱动型通胀并不一定需要央行以提高利率的形式做出更强硬的回应。这取决于这些影响是否会迅速消退，这是波士顿联邦储备银行的经济学家一直在研究的另一个因素。波士顿联邦储备银行经济学家Viacheslav Sheremirov表示：“与短暂的需求冲击相比，持续的需求冲击更需要‘逆风而行’。”一旦某一类商品或服务的通胀被确定为需求驱动型或供给驱动型，Sheremirov的研究试图进一步将其划分为暂时性或持续性。“我实际上发现了一个重要的持续需求成分，与历史数据相比，这并不常见。通常情况下，大部分需求都来自暂时性来源”。住房的影响旧金山联邦储备银行的数据显示，住房在需求驱动方面扮演了重要角色，部分原因是它在家庭每月预算中占据了巨大的比重。但波士顿联邦储备银行的研究发现，要把住房归类为需求驱动型通胀的持续来源并不容易。相反，它认为其他服务类别尤其是与旅游相关的服务，如机票和酒店住宿是需求驱动型通胀最持久的推动力。这与服务行业重新开放时，人们急于消费封锁期间积累的储蓄相一致。尽管到2022年6月，波士顿联邦储备银行的分析停止时，这种影响开始消退。Zandi也在做类似的价格和数量分析，其研究表明，需求压力的影响在2021年春夏达到顶峰，美国救援计划的通过和疫苗的推出推动了支出，经济重新开放之后，供应冲击推动通胀升至40年来的高点。随着这些供应方面的压力现在也开始消退，通胀可能再次变得更受需求驱动，但这将与一个更低的整体通胀率相吻合：预测者预计到明年年底，通胀率将降至3%以下。Zandi表示：“如果没有任何变化，那么6个月或12个月后，通胀将更多是需求面而非供给面。但到那时，通胀率会低得多，不会成为问题。现在这是一个问题，而现在成为一个问题的原因在于供应方面”。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"NQmain":0.6,"QQQ":0.6,"PSQ":0.6,"ESmain":0.6,"TQQQ":0.6,"DXD":0.6,"SQQQ":0.6,"QLD":0.6,"SDOW":0.6,"SDS":0.6,".IXIC":1,"OEX":0.6,".SPX":0.6,".DJI":1,"DJX":0.6,"QID":0.6,"IVV":0.6,"UPRO":0.6,"SPY":1,"SSO":0.6,"SPXU":0.6,"DDM":0.6,"DOG":0.6,"OEF":0.6,"UDOW":0.6,"SH":0.6,"MNQmain":0.6}},"isVote":1,"tweetType":1,"viewCount":2190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106445378,"gmtCreate":1620141775194,"gmtModify":1704339281569,"author":{"id":"3544311913509781","authorId":"3544311913509781","name":"小毛毛球","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3544311913509781","idStr":"3544311913509781"},"themes":[],"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/106445378","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618906754,"share":"https://ttm.financial/m/news/1170908014?lang=en_US&edition=fundamental","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"Reminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，","content":"<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day will continue to take five consecutive days off. Regarding the May Day stock market arrangement, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from May 1st (Saturday) to May 5th (Wednesday), and will open as usual from May 6th (Thursday).</p><p><b>Hong Kong stocks:</b></p><p>Trade as usual.</p><p><b>US stocks:</b></p><p>Trade as usual.</p><p><b>British stocks:</b></p><p>May 3rd (Monday) is the traditional British festival Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore market:</b></p><p>Trade as usual.</p><p><b>Australian market:</b></p><p>Trade as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed May 1st (Saturday) to May 5th (Wednesday) and open as usual from May 6th (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5, and open as usual from Thursday, May 6.</p><p>I wish all the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day will continue to take five consecutive days off. Regarding the May Day stock market arrangement, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from May 1st (Saturday) to May 5th (Wednesday), and will open as usual from May 6th (Thursday).</p><p><b>Hong Kong stocks:</b></p><p>Trade as usual.</p><p><b>US stocks:</b></p><p>Trade as usual.</p><p><b>British stocks:</b></p><p>May 3rd (Monday) is the traditional British festival Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore market:</b></p><p>Trade as usual.</p><p><b>Australian market:</b></p><p>Trade as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed May 1st (Saturday) to May 5th (Wednesday) and open as usual from May 6th (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5, and open as usual from Thursday, May 6.</p><p>I wish all the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，5月6日（周四）起照常开市。港股：照常交易。美股：照常交易。英股：5月3日（周一）为英国传统节日Bank holiday，英股休市一日新加坡市场：照常交易。澳大利亚市场：照常交易。沪股通、深股通：5月1日（周六）至5月5日（周三）关闭，5月6日（周四）起照常开通。港股通：4月29日（周四）至5月5日（周三）关闭，5月6日（周四）起照常开通。祝各位最美劳动者五一节日快乐，平安喜乐！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":106445378,"gmtCreate":1620141775194,"gmtModify":1704339281569,"author":{"id":"3544311913509781","authorId":"3544311913509781","name":"小毛毛球","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3544311913509781","idStr":"3544311913509781"},"themes":[],"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/106445378","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618906754,"share":"https://ttm.financial/m/news/1170908014?lang=en_US&edition=fundamental","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"Reminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，","content":"<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day will continue to take five consecutive days off. Regarding the May Day stock market arrangement, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from May 1st (Saturday) to May 5th (Wednesday), and will open as usual from May 6th (Thursday).</p><p><b>Hong Kong stocks:</b></p><p>Trade as usual.</p><p><b>US stocks:</b></p><p>Trade as usual.</p><p><b>British stocks:</b></p><p>May 3rd (Monday) is the traditional British festival Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore market:</b></p><p>Trade as usual.</p><p><b>Australian market:</b></p><p>Trade as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed May 1st (Saturday) to May 5th (Wednesday) and open as usual from May 6th (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5, and open as usual from Thursday, May 6.</p><p>I wish all the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: A-shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day will continue to take five consecutive days off. Regarding the May Day stock market arrangement, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from May 1st (Saturday) to May 5th (Wednesday), and will open as usual from May 6th (Thursday).</p><p><b>Hong Kong stocks:</b></p><p>Trade as usual.</p><p><b>US stocks:</b></p><p>Trade as usual.</p><p><b>British stocks:</b></p><p>May 3rd (Monday) is the traditional British festival Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore market:</b></p><p>Trade as usual.</p><p><b>Australian market:</b></p><p>Trade as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed May 1st (Saturday) to May 5th (Wednesday) and open as usual from May 6th (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5, and open as usual from Thursday, May 6.</p><p>I wish all the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，5月6日（周四）起照常开市。港股：照常交易。美股：照常交易。英股：5月3日（周一）为英国传统节日Bank holiday，英股休市一日新加坡市场：照常交易。澳大利亚市场：照常交易。沪股通、深股通：5月1日（周六）至5月5日（周三）关闭，5月6日（周四）起照常开通。港股通：4月29日（周四）至5月5日（周三）关闭，5月6日（周四）起照常开通。祝各位最美劳动者五一节日快乐，平安喜乐！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":620539836,"gmtCreate":1669821732826,"gmtModify":1676538251454,"author":{"id":"3544311913509781","authorId":"3544311913509781","name":"小毛毛球","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3544311913509781","idStr":"3544311913509781"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620539836","repostId":"2287792664","repostType":4,"repost":{"id":"2287792664","kind":"news","pubTimestamp":1669820474,"share":"https://ttm.financial/m/news/2287792664?lang=en_US&edition=fundamental","pubTime":"2022-11-30 23:01","market":"us","language":"zh","title":"Supply or demand? The Fed is trying to figure out what drives high inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2287792664","media":"智通财经","summary":"旧金山联储的分析显示，目前通胀更多是由需求驱动的，但其他研究表明很难区分通胀的驱动因素。根据美联储经济学家建立的新衡量标准，商品和服务的强劲需求可能正开始超过疫情和俄乌冲突造成的供应限制，成为推动美国","content":"<p><html><head></head><body>The San Francisco Fed's analysis shows that inflation is more demand-driven right now, but other research shows it's difficult to distinguish the drivers of inflation.</p><p>Strong demand for goods and services may be beginning to outweigh supply constraints caused by the pandemic and the Russia-Ukraine conflict, becoming an important factor driving U.S. prices, according to new measures established by Federal Reserve economists.</p><p>On the face of it, that means inflation is more likely to persist, even as the devastation caused by the pandemic and war fades out of view, strengthening the case for the Fed to tighten policy to combat inflation. But the new study also contains evidence pointing in the other direction, illustrating how difficult it is to disentangle the impact of supply and demand on prices.</p><p>\"This is an old economic problem\",<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Chief economist Mark Zandi said, \"In terms of current monetary policy, this is really important because if you feel that it is more supply-side driven than demand-side driven, you may be more supportive of the view that the Fed should proceed cautiously.\"</p><p><img src=\"https://static.tigerbbs.com/1b83bc4b1578c580dcefe7f8653863ff\" tg-width=\"543\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>To sort out the different drivers of inflation, economists at the Federal Reserve focused on the relationship between the prices of individual goods and services and the amount of those goods and services consumers buy. In the category where prices and volumes are rising at the same time, inflation is classified as primarily demand-driven. Where prices rise and quantities fall, inflation is called supply-driven.</p><p>Typically, demand-driven types are considered more durable than supply-driven types. But new research shows that this conclusion is actually not that clear-cut.</p><p><b>Sustained demand driven</b></p><p>The Federal Reserve's upcoming core PCE price index (excluding food and energy) for October is expected to fall to 5%. It stood at 5.1% in September, a month in which demand-driven price pressures outpaced supply-driven annual numbers for the first time since inflation began in summer 2021, according to the San Francisco Fed's breakdown data using price and volume methods.</p><p>It is worth noting that there are still quite large-scale \"fuzzy\" categories of goods and services that fall neither fully into the supply bucket nor the demand bucket, which account for about one-fifth of the total. That means demand still accounts for less than half of headline core inflation.</p><p>Another problem is that demand-driven inflation does not necessarily require a tougher response from the central bank in the form of higher interest rates. It depends on whether these effects fade quickly, another factor economists at the Boston Federal Reserve Bank have been studying.</p><p>\"A sustained demand shock requires'going against the wind 'more than a short-lived demand shock,\" said Viacheslav Sheremirov, an economist at the Boston Federal Reserve Bank.</p><p>Once inflation in a certain class of goods or services is identified as demand-driven or supply-driven, Sheremirov's research attempts to further classify it as temporary or persistent. \"I actually found a significant ongoing demand component, which is not common compared to historical data. Typically, most of the demand comes from temporary sources\".</p><p><b>Impact of housing</b></p><p>Data from the San Francisco Federal Reserve Bank shows that housing plays an important role in driving demand, in part because it accounts for a huge portion of households' monthly budgets. But it's not easy to classify housing as a persistent source of demand-driven inflation, the Boston Fed's study found.</p><p>Instead, it sees other service categories, especially travel-related services, such as airfare and hotel accommodation, as the most persistent drivers of demand-driven inflation.</p><p>This is in line with a rush to spend savings built up during lockdown when the service sector reopened. Although by June 2022, when the Boston Fed's analysis stopped, the impact began to fade.</p><p><img src=\"https://static.tigerbbs.com/9ca119353b9b8567426a980024dd0080\" tg-width=\"539\" tg-height=\"368\" referrerpolicy=\"no-referrer\"/></p><p>Zandi is doing a similar price and volume analysis, and its research shows that the impact of demand pressures peaked in the spring and summer of 2021, with the passage of the American Rescue Plan and the rollout of vaccines driving spending, and supply shocks pushing inflation to 40 years after the economy reopened. year highs.</p><p>With these supply-side pressures now also starting to subside, inflation may become more demand-driven again, but this will coincide with a lower headline inflation rate: forecasters expect inflation to fall below 3% by the end of next year.</p><p>Zandi said: \"If nothing changes, then in six or 12 months, inflation will be more on the demand side than the supply side. But by then, the inflation rate will be much lower and won't be a problem. It's a problem now, and what is a problem now is on the supply side.\"</p><p></body></html></p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Supply or demand? The Fed is trying to figure out what drives high inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSupply or demand? The Fed is trying to figure out what drives high inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2022-11-30 23:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The San Francisco Fed's analysis shows that inflation is more demand-driven right now, but other research shows it's difficult to distinguish the drivers of inflation.</p><p>Strong demand for goods and services may be beginning to outweigh supply constraints caused by the pandemic and the Russia-Ukraine conflict, becoming an important factor driving U.S. prices, according to new measures established by Federal Reserve economists.</p><p>On the face of it, that means inflation is more likely to persist, even as the devastation caused by the pandemic and war fades out of view, strengthening the case for the Fed to tighten policy to combat inflation. But the new study also contains evidence pointing in the other direction, illustrating how difficult it is to disentangle the impact of supply and demand on prices.</p><p>\"This is an old economic problem\",<a href=\"https://laohu8.com/S/MCO\">Moody's</a>Chief economist Mark Zandi said, \"In terms of current monetary policy, this is really important because if you feel that it is more supply-side driven than demand-side driven, you may be more supportive of the view that the Fed should proceed cautiously.\"</p><p><img src=\"https://static.tigerbbs.com/1b83bc4b1578c580dcefe7f8653863ff\" tg-width=\"543\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>To sort out the different drivers of inflation, economists at the Federal Reserve focused on the relationship between the prices of individual goods and services and the amount of those goods and services consumers buy. In the category where prices and volumes are rising at the same time, inflation is classified as primarily demand-driven. Where prices rise and quantities fall, inflation is called supply-driven.</p><p>Typically, demand-driven types are considered more durable than supply-driven types. But new research shows that this conclusion is actually not that clear-cut.</p><p><b>Sustained demand driven</b></p><p>The Federal Reserve's upcoming core PCE price index (excluding food and energy) for October is expected to fall to 5%. It stood at 5.1% in September, a month in which demand-driven price pressures outpaced supply-driven annual numbers for the first time since inflation began in summer 2021, according to the San Francisco Fed's breakdown data using price and volume methods.</p><p>It is worth noting that there are still quite large-scale \"fuzzy\" categories of goods and services that fall neither fully into the supply bucket nor the demand bucket, which account for about one-fifth of the total. That means demand still accounts for less than half of headline core inflation.</p><p>Another problem is that demand-driven inflation does not necessarily require a tougher response from the central bank in the form of higher interest rates. It depends on whether these effects fade quickly, another factor economists at the Boston Federal Reserve Bank have been studying.</p><p>\"A sustained demand shock requires'going against the wind 'more than a short-lived demand shock,\" said Viacheslav Sheremirov, an economist at the Boston Federal Reserve Bank.</p><p>Once inflation in a certain class of goods or services is identified as demand-driven or supply-driven, Sheremirov's research attempts to further classify it as temporary or persistent. \"I actually found a significant ongoing demand component, which is not common compared to historical data. Typically, most of the demand comes from temporary sources\".</p><p><b>Impact of housing</b></p><p>Data from the San Francisco Federal Reserve Bank shows that housing plays an important role in driving demand, in part because it accounts for a huge portion of households' monthly budgets. But it's not easy to classify housing as a persistent source of demand-driven inflation, the Boston Fed's study found.</p><p>Instead, it sees other service categories, especially travel-related services, such as airfare and hotel accommodation, as the most persistent drivers of demand-driven inflation.</p><p>This is in line with a rush to spend savings built up during lockdown when the service sector reopened. Although by June 2022, when the Boston Fed's analysis stopped, the impact began to fade.</p><p><img src=\"https://static.tigerbbs.com/9ca119353b9b8567426a980024dd0080\" tg-width=\"539\" tg-height=\"368\" referrerpolicy=\"no-referrer\"/></p><p>Zandi is doing a similar price and volume analysis, and its research shows that the impact of demand pressures peaked in the spring and summer of 2021, with the passage of the American Rescue Plan and the rollout of vaccines driving spending, and supply shocks pushing inflation to 40 years after the economy reopened. year highs.</p><p>With these supply-side pressures now also starting to subside, inflation may become more demand-driven again, but this will coincide with a lower headline inflation rate: forecasters expect inflation to fall below 3% by the end of next year.</p><p>Zandi said: \"If nothing changes, then in six or 12 months, inflation will be more on the demand side than the supply side. But by then, the inflation rate will be much lower and won't be a problem. It's a problem now, and what is a problem now is on the supply side.\"</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/840090.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SQQQ":"纳指三倍做空ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4534":"瑞士信贷持仓","DXD":"两倍做空道琼30指数ETF-ProShares","SPY":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","DDM":"2倍做多道指ETF-ProShares","TQQQ":"纳指三倍做多ETF","OEF":"标普100指数ETF-iShares","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","BK4559":"巴菲特持仓","BK4504":"桥水持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓"},"source_url":"http://www.zhitongcaijing.com/content/detail/840090.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2287792664","content_text":"旧金山联储的分析显示，目前通胀更多是由需求驱动的，但其他研究表明很难区分通胀的驱动因素。根据美联储经济学家建立的新衡量标准，商品和服务的强劲需求可能正开始超过疫情和俄乌冲突造成的供应限制，成为推动美国物价的重要因素。从表面上看，这意味着通胀更有可能持续下去，即使疫情和战争造成的破坏逐渐淡出人们的视野，这也增强了美联储收紧政策以应对通胀的理由。但新的研究也包含了指向另一个方向的证据，说明了理清供需对价格的影响有多么困难。“这是一个古老的经济问题”，穆迪首席经济学家Mark Zandi表示，“就当前的货币政策而言，这真的很重要，因为如果你觉得它更多是由供给侧驱动的，而不是由需求侧驱动的，你可能会更支持美联储应该谨慎行事的观点”。为了梳理出通胀的不同驱动因素，美联储的经济学家们把重点放在了个别商品和服务价格与消费者购买这些商品和服务数量之间的关系上。在价格和数量同时上升的类别中，通胀被归类为主要由需求驱动的。在价格上升而数量下降的情况下，通货膨胀被称为供给驱动。通常情况下，需求驱动型被认为比供应驱动型更持久。但新的研究表明，这个结论实际上并没有那么明确。持续性需求驱动美联储即将公布的10月核心PCE物价指数(不包括食品和能源类)预计将降至5%。根据旧金山联储使用价格和数量方法的细分数据，9月份这一数字为5.1%，自2021年夏季通胀开始以来，该月需求驱动的价格压力首次超过了供应驱动的年度数字。值得注意的是，仍有相当大规模的“模糊”商品和服务类别，它们既不能完全归入供应桶，也不能完全归入需求桶，这类商品和服务约占总量的五分之一。这意味着需求在整体核心通胀中所占的比重仍不到一半。另一个问题是，需求驱动型通胀并不一定需要央行以提高利率的形式做出更强硬的回应。这取决于这些影响是否会迅速消退，这是波士顿联邦储备银行的经济学家一直在研究的另一个因素。波士顿联邦储备银行经济学家Viacheslav Sheremirov表示：“与短暂的需求冲击相比，持续的需求冲击更需要‘逆风而行’。”一旦某一类商品或服务的通胀被确定为需求驱动型或供给驱动型，Sheremirov的研究试图进一步将其划分为暂时性或持续性。“我实际上发现了一个重要的持续需求成分，与历史数据相比，这并不常见。通常情况下，大部分需求都来自暂时性来源”。住房的影响旧金山联邦储备银行的数据显示，住房在需求驱动方面扮演了重要角色，部分原因是它在家庭每月预算中占据了巨大的比重。但波士顿联邦储备银行的研究发现，要把住房归类为需求驱动型通胀的持续来源并不容易。相反，它认为其他服务类别尤其是与旅游相关的服务，如机票和酒店住宿是需求驱动型通胀最持久的推动力。这与服务行业重新开放时，人们急于消费封锁期间积累的储蓄相一致。尽管到2022年6月，波士顿联邦储备银行的分析停止时，这种影响开始消退。Zandi也在做类似的价格和数量分析，其研究表明，需求压力的影响在2021年春夏达到顶峰，美国救援计划的通过和疫苗的推出推动了支出，经济重新开放之后，供应冲击推动通胀升至40年来的高点。随着这些供应方面的压力现在也开始消退，通胀可能再次变得更受需求驱动，但这将与一个更低的整体通胀率相吻合：预测者预计到明年年底，通胀率将降至3%以下。Zandi表示：“如果没有任何变化，那么6个月或12个月后，通胀将更多是需求面而非供给面。但到那时，通胀率会低得多，不会成为问题。现在这是一个问题，而现在成为一个问题的原因在于供应方面”。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"NQmain":0.6,"QQQ":0.6,"PSQ":0.6,"ESmain":0.6,"TQQQ":0.6,"DXD":0.6,"SQQQ":0.6,"QLD":0.6,"SDOW":0.6,"SDS":0.6,".IXIC":1,"OEX":0.6,".SPX":0.6,".DJI":1,"DJX":0.6,"QID":0.6,"IVV":0.6,"UPRO":0.6,"SPY":1,"SSO":0.6,"SPXU":0.6,"DDM":0.6,"DOG":0.6,"OEF":0.6,"UDOW":0.6,"SH":0.6,"MNQmain":0.6}},"isVote":1,"tweetType":1,"viewCount":2190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
