Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
America’s ‘Normal Economic People’ Still Screwed By Inflation
I'm not sure I'd call Wednesday's all-important inflation update out of the US "comforting."
Although markets will surely trade the optically encouraging undershoot on the core measure, which rose 0.225% unrounded last month from November, the coolest readout in months, pockets of inflation remain and I'd argue the risks are still skewed to the warm side, particularly in light of fiscal and geopolitical realities.
To be sure, the Fed will take any incremental good news they can get no matter h
well, if you don’t need energy, food or a roof over your head, inflation’s benign in the US or most likely dead.