
Reports of Inflation’s Death Greatly Exaggerated
By Thomas McArdle “Ding dong, the worst inflation in four decades is dead” seems to be the happy, confident cry from investors for months now, with markets even assuming significant cuts in the federal funds rate by the Federal Reserve for most of this year, expected to begin in May and totaling close to 150 basis points. Data released at the close of January show that the Personal…
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