‘Inflation Isn’t A Random Walk,’ Popular Strategist Reminds You

‘Inflation Isn’t A Random Walk,’ Popular Strategist Reminds You

"We all get the joke," Nomura's Charlie McElligott wrote Tuesday. He was referring to the "never-ending" deluge of memes and commentary lamenting a Fed condemned to making people poorer no matter what they do. Staying behind the curve -- which in this case could mean hiking "only" 50bps or failing to get rates into restrictive territory posthaste -- risks embedding an inflationary psychology in the economy. Expectations matter, and they matter a lot. If the public gets the idea the Fed is tota
Subscribe or log in to read the rest of this content.

NEWSROOM crewneck & prints