- July 12, 2021
- Posted by: Stratford Team
- Category: Business
Former Dallas Fed Danielle DiMartino Booth and The Americas at Natixis Chief Economist Joseph Lavorgna discuss the newly released Fed minutes and inflation fears.
Used car prices are muscling their way onto the watchlists of some of the nation’s most sophisticated economic forecasters, most notably, the Federal Reserve.
New data released Friday showed wholesale used car prices posted their first monthly decline in June, falling 1.3%, according to auto auctioneer Manheim. The decline, which came as record-high prices and tight inventories resulted in an 11% year-over-year drop in sales, is a sign the Fed’s view that inflation is transitory could be on the mark. Prices were still up 27% from a year prior.
FORGET INFLATION – DEFLATION COULD REAR ITS UGLY HEAD SOON
Retail prices typically lag what dealers pay by one or two months, meaning consumers are likely to see relief later this summer.
“The second quarter was certainly one for the vehicle…
