{"id":4006,"date":"2020-11-13T11:50:16","date_gmt":"2020-11-13T18:50:16","guid":{"rendered":"https:\/\/financegourmet.com\/blog\/?p=4006"},"modified":"2020-11-13T11:50:16","modified_gmt":"2020-11-13T18:50:16","slug":"covid-and-inflation","status":"publish","type":"post","link":"https:\/\/financegourmet.com\/blog\/news\/economy-news\/covid-and-inflation\/","title":{"rendered":"Covid and Inflation"},"content":{"rendered":"\n<p>As more and more states get classified as, &#8220;uncontrolled spread,&#8221; for the Covid pandemic, there is at least one tiny bit of good news.<\/p>\n\n\n\n<p>There still is no inflation. And, since the Fed <em>says<\/em> they are changing their monetary management style to consider 2% inflation as a target rather than a ceiling, that means there is no reason to worry about rising interest rates either.<\/p>\n\n\n\n<p>Actually, the concern for most economic analysts is that there would be inflation while the economy is still bottoming out. <\/p>\n\n\n\n<p>Thanks to no stimulus out of Washington yet (STILL), we can be sure of a very weak economy teetering on the verge of recession. Inflation in that environment is very bad. Fortunately, today&#8217;s <a aria-label=\"Core Producer Prices rose even less than the already small forecast (opens in a new tab)\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-13\/core-u-s-producer-prices-rose-less-than-forecast-in-october?utm_campaign=socialflow-organic&amp;cmpid=socialflow-twitter-business&amp;utm_source=twitter&amp;utm_medium=social&amp;utm_content=business\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Core Producer Prices rose even less than the already small forecast<\/a>. <\/p>\n\n\n\n<p>While the economy, and the world at large, still offer plenty of things to worry about, at least inflation isn&#8217;t one of them at this point in time.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"286\" src=\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/11\/producer-price-index-factory-550x286.jpg\" alt=\"producer price index factory\" class=\"wp-image-4007\" title=\"\" srcset=\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/11\/producer-price-index-factory-550x286.jpg 550w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/11\/producer-price-index-factory-300x156.jpg 300w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/11\/producer-price-index-factory-768x400.jpg 768w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/11\/producer-price-index-factory.jpg 1280w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>At least inflation isn&#8217;t coming while we deal with this whole Covid thing.<\/p>\n","protected":false},"author":1,"featured_media":4007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[285,895],"class_list":["post-4006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","tag-inflation","tag-producer-price-index","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts\/4006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/comments?post=4006"}],"version-history":[{"count":0,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts\/4006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media\/4007"}],"wp:attachment":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media?parent=4006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/categories?post=4006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/tags?post=4006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}