Robert Hughes

Groceries Feed Gains in the Everyday Price Index in September

“AIER’s Everyday Price Index posted its tenth consecutive increase in September led by groceries. Prices of many goods and services continue to be distorted by the lingering effects of the pandemic including shortages, logistical and supply chain issues, and labor problems. As these distortions fade, price pressures are likely to ease.” – Robert Hughes

Job Openings Fell in August but Remain Extremely High

“Job openings fell back slightly from a record high but quits remain elevated as workers take advantage of favorable labor conditions. Overall, the outlook is for continued recovery but the threats and headwinds to growth remain significant.” – Robert Hughes

All Three AIER Business Cycle Indicators Weaken in October

“The AIER Leading Indicators index posted a sixth consecutive drop in September but remains slightly above the neutral 50 threshold, suggesting continued economic expansion. However, the string of declines since the March high also suggest that sources of growth may narrow, and the pace of growth could slow as well.” – Robert Hughes