Market Commentary: Second Quarter Key Events To Know; Future Growth Expectations Are Mixed

The world is about halfway back to normal.

The Economist developed the Global Normalcy Index (GNI) to measure the post-pandemic return to normal. In March 2020, the GNI was 35 overall, with 100 being the normal pre-pandemic level. At the end of the second quarter, the worldwide GNI was 66, or about halfway back to normal.

Market Commentary: Home Sales Dip, Wages Rise as June Jobs Report Looms

Market Commentary: Higher-Than-Expected Inflation Rates Cause Consumer Spending to Slow; Fed Adjusts Forecasts For Future Hikes

It’s transitory. It’s not transitory. It’s transitory. It’s not transitory.

Media analysts were plucking the inflation daisy petals last week. On Thursday, the Bureau of Labor Statistics released the Consumer Price Index Summary, which showed prices were up 5 percent year-to-year.