{"id":22944,"date":"2017-02-23T17:50:58","date_gmt":"2017-02-23T22:50:58","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22944"},"modified":"2017-02-23T17:50:58","modified_gmt":"2017-02-23T22:50:58","slug":"is-an-inflation-comeback-in-the-works","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22944","title":{"rendered":"Is an Inflation Comeback in the Works?"},"content":{"rendered":"
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Is an Inflation Comeback in the Works?\u00a0<\/a><\/h3>\n<\/div>\n
Exterminating Angel<\/strong><\/div>\n
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LOVINGSTON, VIRGINIA \u2013 Amid all the sound and fury of the Trump news cycle, hardly anyone noticed. There is a specter haunting this economy. It is the specter of inflation\u2026<\/p>\n

See, if you want to\u00a0whip inflation now<\/em>, you don\u2019t need to do any of the really difficult things, such as printing less money\u2026 or God forbid, return to honest, market-chosen money (shudder!). All you need is\u00a0intelligent nutrition<\/em>! \u00a0 \u00a0\u00a0Image credit: Marshall Astor<\/p>\n

Bloomberg\u00a0<\/em>has the report:<\/p>\n

The U.S. cost of living increased in January by the most since February 2013, led by higher costs for gasoline and other goods and services that indicate inflation is gathering momentum. The consumer-price index rose a larger-than-forecast 0.6% after a 0.3% gain in December, Labor Department figures showed Wednesday. Compared with the same month last year, costs paid by Americans for goods and services rose 2.5%, the most since March 2012.<\/em><\/p><\/blockquote>\n

French investment bank Natixis makes a related observation:<\/p>\n

The return of inflation in the euro zone with the rise in the oil price will drive the European Central Bank to give up QE [\u2026] Our estimate is that an end to QE would raise interest rates by 110 basis points.\u00a0<\/em><\/p><\/blockquote>\n

Wait \u2013 inflation is what the Fed has been looking for. And the latest numbers reveal it may have already reached the Fed\u2019s target of 2%. If you\u2019ll recall, the Fed set itself two targets: Unemployment would have to fall below 5%. And inflation would have to rise above 2%. Reaching those two targets would prove that the economy was healthy enough to allow the Fed to raise rates.<\/p>\n

Higher rates of inflation \u2013 higher prices \u2013 signal more consumer demand. And more labor demand, too. It suggests there are more people with more money ready to spend it. How could that ever be a bad thing?<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Is an Inflation Comeback in the Works?\u00a0 Exterminating Angel LOVINGSTON, VIRGINIA \u2013 Amid all the sound and fury of the Trump news cycle, hardly anyone noticed. There is a specter haunting this economy. It is the specter of inflation\u2026 See, if you want to\u00a0whip inflation now, you don\u2019t need to do any of the really […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,6190,5827,303,426,4800,431,661,662,3650],"class_list":["post-22944","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-bill-bonner","tag-cost-of-living","tag-fed","tag-inflation","tag-inflation-target","tag-interest-rates","tag-qe","tag-quantitative-easing","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22944"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22944\/revisions"}],"predecessor-version":[{"id":22945,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22944\/revisions\/22945"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}