Bloomberg Surveillance · Thursday, September 17, 2026
The U.S. economy may be experiencing an 'inflationary boom,' characterized by strong growth and rising inflation, even before considering energy prices. While nominal GDP growth is robust, real growth has been more moderate, suggesting a significant inflationary component.
“Yeah, it's not bad. I think we're flirting here with... dare I say, an inflationary boom. That's what you've been feeling, right? You've got great growth and you've got inflation that was, it's more than energy, right? So all our inflation cycle stuff kicked up before the hostilities in Iran. So we've got growth and inflation. Your nominal numbers blow out.”
“Okay. Feels pretty good, right? But you got 8% last quarter. You got 8% nominal. You got 1.5% real. All that stuff in there is inflation. So let's see what happens.”