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Inflation Comes In Hot For Second Month As Markets Appraise Fed’s Policy Shift
You might recall that core inflation rose the most since 1991 in July, an anomalous print for the anomalous times in which we live and trade.
The market is still dealing with pandemic distortions as evidenced by unprecedented volatility in the MoM core series, which isn't exactly known for being the wild EKG it's been over the past six months. March, April, and May, for example, marked an unprecedented three-month streak in negative territory, setting up June's bounce and July's surge.
With th
More COVID impact = many people trying to buy a used car to avoid taking public transportation.
Economists based outside the US are probably unaware of this phenomenon.
Get rid of lease monthlies also.
Interesting. I’m going to chalk this up to the pandemic. The concensus of the big brains I follow is that around the second quarter of the first half of 2021 is when to expect to see the inflation readings that are a result of the monetary actions. Deflationary pressures until then.
That said, it’s great to have this reading and I hope you have a post like this each month after these numbers come out. It may be a trade of a lifetime coming up. If it materializes and one gets it right, make the trade and sit tight.
what’s behind the rise in airfares? … is it because the number of flights overall have been reduced so dramatically that the ones left are more expensive…?