看看周四美联储会不会上调通胀预期 The Covid-19 shock continues to buffet price inflation. Short-term impacts have varied. In July, CPI rose 0.6%, with vehicle-related categories, including insurance and sale prices, adding over two-tenths to the headline; airfares ticked higher; wireless phone services increased strongly. Bloomberg Economics does not view the July result as the leading edge of a new inflationary wave. The dynamic is similar to the initial rapid rebound in overall activity, with a full return to the pre-pandemic trend to prove incomplete. Excess spare capacity will mean that in the aggregate, the Federal Reserve will remain concerned about the risks of subpar inflation as it contemplates changes to its policy strategy and communications.