Shapiro Warns of Rising U.S. Inflation Pressure in Latest PMI Data

Craig Shapiro has highlighted concerns about accelerating inflation in the U.S. economy, based on the latest Markit PMI price gauges. The data suggests that inflation is rising across both goods and services, signaling potential economic overheating. Shapiro questions whether the Federal Reserve's target of 2% inflation can be achieved soon, given the current trends.

In earlier analyses, Shapiro pointed out that stronger payroll and inflation data have aligned with a 20% surge in oil prices and looser financial conditions. He also warned about nearly $60 billion in potential forced selling due to volatility control and pension fund flows at the end of the quarter. These factors add context to his latest observations on inflation pressures.