[Bloomberg Chief Economist: Walsh Observes Three Key Indicators, Current Data Suggests Limited Room for Rate Hikes] BlockBeats News, September 17 — Bloomberg Chief Economist Anna Wong published an analysis of key information revealed in Federal Reserve Chair Walsh's speech last night. Wong believes Walsh is currently monitoring three independent indicators for the economy and inflation: 1. The percentage of items in the PCE index with an inflation rate exceeding 3%, calculated as annualized rates over the past 6 months and 12 months. 2. The second derivative of AI capital expenditures, which reflects whether the growth rate of AI investments is accelerating or decelerating. 3. To observe the transmission of geopolitical factors to inflation, the difference between spot prices of commodities like corn, soybeans, and wheat and the so-called "crack spread." Among these, the first indicator may have declined in August, while the second indicator, in hindsight, may have peaked earlier this year. Of the three indicators, the first leans toward inflation trends, the second toward economic growth and investment cycles, and the third toward supply shocks and their inflationary transmission. Walsh uses these three indicators in conjunction as the primary basis for assessing economic and inflation conditions. [Original Link]