Daily Archives: Aug 11, 2022 at 07:34 am EDT

Macro Briefing: 11 August 2022

* More rate hikes needed despite slowing inflation, say Fed officials
* Traders downgrade expectations for a 75-basis-points rate hike in September
* Atlanta Fed’s GDPNow model raises Q3 nowcast to solid +2.5%
* US average gasoline prices below $4 a gallon for first time in months
* Ford CEO doesn’t see lower costs for electric vehicle batteries on horizon
* Hot inflation could boost Social Security payments by $1700 on average in 2023
* July data for US consumer price data suggests inflation may have peaked:

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