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US Inflation Is Nonevent Amid Benign Super-Core Measures
US consumer prices rose in line with expectations last month, data out Wednesday showed.
I think it's fair to suggest that some of the drama has come out of these reports. They're not the "bated breath" affairs they once were.
"Investors have become almost bored by inflation data at this point, widely expecting a 'known' and mechanical base effect decline in the overall trajectory, versus last year's polar opposite backdrop of persistent upside surprises," Nomura's Charlie McElligott said Wedn
One thing I’ve heard and seen: when prices have gone up they never really go back down again. There’ll never be another nickel and dime store and the physical penny won’t make a come back.
That lost purchasing power will take many (most working) people years of raises to catch up in terms of real wage gains – and the “fixing inflation” tool seems to be less raises and less jobs.