Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

US CPI Review – 10% increase in Energy Inflation!

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macroeconomics

<ul>
<li>Energy is the main culprit behind the reacceleration but it is also starting to spill-over the various broader goods categories.</li>
<li>The cyclical inflation pressure is back in the US before the inflation reaches its target.</li>
<li>It will be tricky for the Fed to get CPI/PCE back to 2% with these cyclical trends.</li>
</ul>


Energy is the main culprit behind the reacceleration but it is also starting to spill-over the various broader goods categories.
The cyclical inflation pressure is back in the US before the inflation reaches its target.
It will be tricky for the Fed to get CPI/PCE back to 2% with these cyclical trends.


PPI Nugget: New Pressures On Producer Prices To Come?