{"id":33398,"date":"2018-04-15T08:42:21","date_gmt":"2018-04-15T13:42:21","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33398"},"modified":"2018-04-15T08:42:21","modified_gmt":"2018-04-15T13:42:21","slug":"opinion-nearly-unanimous-inflation-has-arrived","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33398","title":{"rendered":"Opinion Nearly Unanimous: Inflation Has Arrived"},"content":{"rendered":"
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Opinion Nearly Unanimous: Inflation Has Arrived<\/a><\/h3>\n<\/div>\n
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Opinion is nearly unanimous. Inflation is coming and it won’t be short-lived.<\/p>\n<\/section>\n<\/div>\n<\/header>\n
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Inflation proponents are coming out of the woodwork. Here are some examples.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Inflation is Building<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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DiMartino: Inflation Is Building And The Fed Will React<\/a>. “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.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Inflation is Back, Say a Prayer<\/strong><\/p>\n

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Inflation is back: 25% of firms reported to the NFIB that they plan to raise prices, a ten-year high…say a prayer for Jay Powell<\/p>\n

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50-50 Odds Core Inflation Hits Three Percent<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n
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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\u2019s string of wireless-induced 0.1% prints which are falling\u00a0out of the YoY math. I see 50-50 odds of 3% core inflation by year-end.<\/p>\n