Wednesday, January 18, 2017

Gas prices push inflation above Fed target


 - by New Deal democrat

Looks like we are shortly going to find out whether 2% inflation is the Fed's "target," or whether it is really a ceiling.  My bet is on ceiling.

Why? Both headline and core YoY inflation are already above 2% as of this morning's December report.

My fuller discussion of the implications for 2017 is up at XE.com.