The Fed’s Favorite Inflation Measure Leapfrogs the CPI
San Francisco Fed’s Daly: AI’s Future Is Job Augmentation and Creation, Not Destruction
Core Inflation Softens, but the Final Mile to 2% Remains Sticky
Australian Dollar Breaks Out As Economic Winds Blow Toward Rate Hikes
The Fed’s Labor Market Divide Is Hardening Against Rate Cuts
Despite record-high gold prices (up 52 % in the past year), strong demand for treasury inflation-protected bonds (iShares Barclays TIPS Bond Fund is up 10% in the past year), and evidence of inflationary pressures in a variety of sectors of the U.S. economy (see here, here, here, here, here, and here), “any inflation flare-up should be short-lived, and might even sow the seeds of its own demise,” writes Wall Street Journal columnist Mark Gongloff.
Whew, what a relief!
Dr. Duru