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3 thoughts on “‘Mission Unaccomplished’

  1. Based on the last three months, seems like inflation is back or almost back to the FOMC’s preferred target. According to Hartnett, annualized three-month change in US CPI is 0%, while the annualized three-month rate for core PPI is 2.16%. Not saying we couldn’t see an upside surprise in either of these numbers over the next quarter or so, but still, seems like the Fed is well on the way to achieving its inflation goals.

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