• Chicken and Chips ... Will Empty Shelves and Shortages Damage Growth ... Plus Taper Tantrums US Style

  • Aug 28 2021
  • Length: 6 mins
  • Podcast

Chicken and Chips ... Will Empty Shelves and Shortages Damage Growth ... Plus Taper Tantrums US Style

  • Summary

  • Chicken and Chips ...

    No Chicken in Nando's, No Chips at Nissan, No shakes at MacDonald's. Empty shelves are increasing. The head of the Co-Op said food shortages were the worst he has ever known. Evidently not a war baby, CEO Steve Murrells announced the group was reducing some ranges. The ability to get food into stores was hit by post Brexit migration rules and Covid challenges.

    This week, once again, the car industry reported production difficulties. Output fell by 37% last month. It was the worst July performance since 1956. Manufactures "grappled" with the global shortage of semi conductors.

    Taper Tantrum

    Markets awaited with interest the update from Fed Chair Jerome Powell this week, at the Jackson Hole virtual symposium. The central banker hinted the Fed could start scaling back stimulus this year. The inflation surge is expected to be temporary. There was no prospect of a rate rise anytime soon but some tapering of asset purchases could begin before the end of the year.

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