Numbers that Matter
Even if everything goes as planned, Economics Editor Bill Wood says don't expect the Consumer Price Index curve to get down to normal levels for another five or six quarters.
Forget anyone who may try to claim that there's an easy answer to inflation or consumer prices.
Bill Wood: As we prepare to start the fourth quarter of 2022, it is my pleasure to report that the U.S. economy is not in a recession — at least not yet.
In Numbers That Matter Live, Plastics News Economics Editor Bill Wood gives an update on his forecast for the rest of 2022 and highlights key plastics end markets. Wood also talks about a sign of “irrational exuberance” in the labor market related to in-person vs. virtual work.
Economics Editor Bill Wood predicts inflation will be high for longer than expected, and the Fed will need to raise interest rates higher than what is currently being discussed in the mainstream media.
We may be in a recession, but some plastics sectors still look strong, according to Plastics News Economics Editor Bill Wood. In our July Numbers That Matter Live, he advised companies not to expose themselves to risks outside their control.
High inflation and a strong dollar? Is that even possible? And what does it mean for plastics companies? Economics Editor Bill Wood says this is a "movie I've never seen before."
U.S. plastics production will slow down from the red-hot growth rate of 6 percent that it’s seen in the first two quarters of 2022, but it will still remain above average for the year and will stay ahead of pre-COVID levels, according to Plastics News Economics Editor Bill Wood.
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