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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
As my colleague Duru pointed out to me the other day, the long bond is looking a little sickly lately. Indeed, the iShares Barclays 20+Year Treasury Bond Fund (ticker: TLT) is down nearly 10 percent since its late August 2010 highs:
The bond market is not betting on deflation–at least not in the long run.
Dr. Duru