The Bonddad Blog
Still nerdy after all these years
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
New Deal democrat