Inflation proponents are coming out of the woodwork. Here are some examples.
Inflation is Building
DiMartino: Inflation Is Building And The Fed Will React. “Former Fed insider Danielle DiMartino knows the Fed will be out of bullets at the next recession. Even so, its Chairman Jay Powell is now desperately trying to create as much runway as possible.”
The core CPI was as expected at +0.2%, but the YoY trend did jump to 2.1% from 1.8% in Feb. There is going to be a price to be paid for last year’s string of wireless-induced 0.1% prints which are falling out of the YoY math. I see 50-50 odds of 3% core inflation by year-end.
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