After a brief pause, freight costs started to rise once again.
This Shanghai indicator typically precedes the global container index, which I suspect it will also experience an uptick.
Indeed, this development is poised to exacerbate inflationary pressures worldwide,… pic.twitter.com/4G6t0RZh1P
— Otavio (Tavi) Costa (@TaviCosta) May 9, 2024
Last week the Fed announced more inflation.
Despite recent numbers saying inflation’s already re-accelerating to the 4-5% range.
Thing is, the Fed’s not doing it with rate cuts that would deliver cheap mortgages and car loans.
Instead, they’re doing it by stealth, cutting… pic.twitter.com/Oww1pPRPDY
— Peter St Onge, Ph.D. (@profstonge) May 8, 2024
Shanghai to NY shipping rates pic.twitter.com/0aJlHkbZwk
— Michael J. Kramer (@MichaelMOTTCM) May 9, 2024
shanghai to LA shipping rates pic.twitter.com/BEc81X9NDo
— Michael J. Kramer (@MichaelMOTTCM) May 9, 2024
Look at that jump in WCI composite shipping rates this week. pic.twitter.com/t7YP7C4o1n
— Michael J. Kramer (@MichaelMOTTCM) May 9, 2024