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U.S. FIG Falls to New 26-Year Low
Inflationary pressures in the U.S. economy plunged to the lowest levels in a generation during November, a report said Friday.
The Economic Cycle Research Institute's future inflation gauge, an index designed to anticipate cyclical turning points in inflation, fell to a new 26-year low of 95 in November versus a revised 96.3 for October, ECRI said.
The smoothed annualized growth rate of the index edged up to -19.0% from a 20-year low of -19.4% in October.
"In the face of the first synchronous global recession in a quarter century, inflation pressures have dropped to generational lows," the report said.
Weekly updates of the index are released only to subscribers.
The Economic Cycle Research Institute's future inflation gauge, an index designed to anticipate cyclical turning points in inflation, fell to a new 26-year low of 95 in November versus a revised 96.3 for October, ECRI said.
The smoothed annualized growth rate of the index edged up to -19.0% from a 20-year low of -19.4% in October.
"In the face of the first synchronous global recession in a quarter century, inflation pressures have dropped to generational lows," the report said.
Weekly updates of the index are released only to subscribers.
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