Chris Akers

wife, mom to 3 crazy kids, Carolina fan (Panthers and Tarheels), slight TV obsession

[Chris Akers @cakers74]

@erastourticks @RogersCentre Me please!

[Chris Akers @cakers74]

@ErasTourResell I just need 1 ticket to Sat 11/16 if anyone gets one!

[Chris Akers @cakers74]

#Inflation sees lowest increase since March 2021. Is it enough of a cooling for the Fed to halt rate hikes? "...not likely," according to @KPMG_US Chief Economist @DianeSwonk’s latest analysis. #economy https://t.co/VsOgZU8dHx

[Chris Akers @cakers74]

KPMG Chief Economist @DianeSwonk created a top ten list of structural changes that will reshape the global economy for years to come. Find out what they are in her latest Economic Outlook. https://t.co/3suhpafeVK

[Chris Akers @cakers74]

May’s 12.8% surge in new home sales indicates the housing recession may be over. Senior economist @YelenaMaleyev cautions, “This is difficult news for the Fed, which is trying to quash inflation by cooling demand.” Brace for more rate hikes. #economy https://t.co/RTDok4DOgh

[Chris Akers @cakers74]

📈 A surprising jump of 1.7% in May durable goods orders shows business spending is gaining momentum. Senior economist @MeaganScho “This report could help steel the resolve of the Fed for a July rate hike after the June pause.” #inflation #economy https://t.co/7joR6517Bg

[Chris Akers @cakers74]

Housing market on path to recovery as buyers come to terms with higher mortgage rates. Housing starts are 5.7% higher than last year, “Builders are benefiting from the lack of supply, especially for single-family homes,” senior economist @YelenaMaleyev. https://t.co/bmg9lY9Fw9

[Chris Akers @cakers74]

Retail sales show resilience, up 0.3% in May, outpacing expectations. @KenKim_1, senior economist, “The resilience of the U.S. consumer is why Fed Chair Powell hammered home the message that the sting of higher rates is still coming.” #inflation #economy https://t.co/PwRfxc0j70

[Chris Akers @cakers74]

📈 FOMC holds target fed funds rate in 5.0%-5.25% range at June meeting. Door left wide open for July hike as #Fed emphasizes commitment to return #inflation to 2%. @DianeSwonk,“We expect the Fed will raise rates two more times between now and September.” https://t.co/0G18AFjSRz

[Chris Akers @cakers74]

Some welcome news: “Inflation is cooling with moderation in food and energy prices,” says Chief Economist @DianeSwonk. Is it enough for the #Fed end rate hikes? Probably not. Read her full CPI report. #inflation #recession #economy https://t.co/JkyRgZTEuN

[Chris Akers @cakers74]

🌍 The Global #economy faces uncertainty as geopolitical tensions, climate change, and demographic shifts reshape the landscape. Chief Economist @DianeSwonk shares insight into future developments and warns of potential slowdown. #inflation #recession https://t.co/MyqWcYpBvW

[deb in the city @dr7912]

Survey: KPMG Economics latest Insights on Inflation finds that "...most industries expect unit labor costs to exceed inflation, which could portend margin compression." Read the full report from @DianeSwonk and team here. #inflation #recession https://t.co/3DuouFG5EG

[Chris Akers @cakers74]

@YelenaMaleyev That’s crazy!

[Chris Akers @cakers74]

The U.S. international trade gap expanded by 23.0% in April, reaching $74.6 billion—exceeding expectations. According to Senior Economist @MeaganScho, “Consumption will offset slower growth from trade and investment in 2023.” #economy #trade #inflation https://t.co/Uz8DsmDAHs

[Chris Akers @cakers74]

@ConstanceHunter @RelaisChateaux Have a great week this week!

[Chris Akers @cakers74]

April construction spend popped 1.2%. “More infrastructure projects have been ramping up in recent months and are expected to continue to contribute to economic growth in 2023.” Check out senior economist @YelenaMaleyev's analysis. #inflation #economy https://t.co/PtelFyK0Re

[Chris Akers @cakers74]

Durable goods orders jump in April, but nuances warrant attention. @KenKim_1 suggests “If there is a silver lining in the report, orders for computers rose 1.8%, perhaps capturing the start of spending expected to be associated with generative #AI.” https://t.co/t7d7yZUUBO

[Chris Akers @cakers74]

April PCE data: Consumers resilient in face of #inflation, dipping into savings for spending. @DianeSwonk warns, "Lack of caution by consumers is a red flag for the Fed, which has been attempting to get demand to slow to cool inflationary pressures.” https://t.co/iFzQrK1kvW

[Chris Akers @cakers74]

The housing market recession could subside by year-end. @KPMG_US senior economist @YelenaMaleyev predicts residential investment will be a “…tailwind for the economy in 2024”. Read her full report. #inflation #recession #economy https://t.co/9eWmjfkYhI

[Diane Swonk @DianeSwonk]

Getting early results of our inflation insights survey, mostly of C-suite level clients in mid-sized firms, although all sixes are represented and do a cross check on industries.

Surprise but good news result in that inflation expectations in 1 year and 5 years out have fallen.