Anneken Tappe

Former journalist writing about the economy, Fed, markets, FX and debt | views are my own or shamelessly stolen 🇺🇸🇩🇪

[Anneken Tappe @AnnekenTappe]

If the price of breakfast cereal rises, for example, a higher-income household that used to buy a brand name product could downshift to a store brand to save money. But a household that already buys the store brand doesn't have the same option. https://t.co/iFjK11mcTg

[Chime News @ChimeNewsroom]

Amazon Prime Day started today, and Walmart Deals Week is live. Chime spend data shows where the real battle is playing out, and it's not where you'd expect.

[Chime News @ChimeNewsroom]

Ice cream elasticity🍦: Prices are melting wallets but not demand. @business @svaneksmith
and @deenashanker report cones cost more this summer, but Chime data show June store visits are trending above the 2025 rates for the first time since March. Enjoy your scoops this weekend!

[Anneken Tappe @AnnekenTappe]

Having just been to the optometrist, I can confirm that Wednesday's are for getting things done!

[Chime News @ChimeNewsroom]

Translation: Wednesday is when Americans take care of business and skip everything else.

Save the fun for the weekend. The dentist will see you now. 🦷

[Chime News @ChimeNewsroom]

It's Hump Day. And according to our data, Chime members are busy getting things done. What does this mean? 🧵

[Christine Romans @ChristineRomans]

New wrinkle in the inflation saga: De-globalization will make things more expensive. https://t.co/zps0vZxqId

[Matt Egan @MattEganCNN]

The mood in the C-Suite is darkening: New @Conferenceboard survey shows that CEO confidence is at the lowest level since the pandemic began.

Worse, 68% of CEOs expect the Fed's war on inflation will eventually trigger a recession.

https://t.co/FfPKsvItaC

[Diksha Madhok @dikshamadhok]

India offered to help fix the global food crisis. Here's why it backtracked https://t.co/XK9LoFRNVt

[Paul R. La Monica @LaMonicaBuzz]

Even higher gas prices may be in the cards. More from @MattEganCNN. https://t.co/K2pFyxJxXB

[Anneken Tappe @AnnekenTappe]

https://t.co/KWAx94LyLk

[Julia Pollak @juliaonjobs]

The bottom line:
🙂Inflation in goods price is finally slowing
😬But core (ex energy & food) and services accelerating
🧐Services are a MUCH larger share of the economy and CPI
➡️Decline in topline inflation is encouraging, but there could be more 🔥 ahead

[Parija Kavilanz @ParijaKavilanz]

"I remember reading about the recall and thinking it would make the shortage worse."
https://t.co/j4yLDEUd5L #BabyFormulaShortage

[Lucy Bayly @LucyBayly]

Moms are skipping meals, granddads are down to peanut butter sandwiches. Inflation hits especially hard for those [HEROES] raising kids alone. Important reporting from @aliciawallace as Biden addresses rising prices.
https://t.co/Nef8Q6Ihnb

[Alicia Wallace @aliciawallace]

The pandemic set back the US arts industry by several years, upended livelihoods, altered career trajectories, and left an indelible impression on art itself. Here's a look at how some Nashville artists managed through dark days and where they're at now: https://t.co/VJZGJP3Ocs

[Matt Egan @MattEganCNN]

Prices at the pump are once again flirting with record highs. The national average is up 13 cents over the past week and less than a penny away from the March peak:
https://t.co/XhazO9agOc #OOTT #inflation

[Anneken Tappe @AnnekenTappe]

ADP Employment Report misses estimates https://t.co/uFYwNCIT5n

[Anneken Tappe @AnnekenTappe]

Worth remembering that restricting people's freedom comes at an economic cost, too. This story is from last year, but the point still stands.
https://t.co/fNwWaeaP0l

[Paul R. La Monica @LaMonicaBuzz]

Powell says a half point hike is on the table. But I think the market had already set said table, had dinner, cleared the dishes and is now waiting to see whether a 75 basis point hike in June will be the dessert.

[Paul R. La Monica @LaMonicaBuzz]

Jobless claims down from a week ago and below forecasts. 184K. Still no stag in the stagflation equation.

[Anneken Tappe @AnnekenTappe]

https://t.co/CmEQ6iZQvZ