19/12/17

Warning: Real Inflation is Already 3%... and the Fed Wants More!



----
Warning: Real Inflation is Already 3%... and the Fed Wants More!
// Zero Hedge

While the Fed Board of Governors continues with its "we don't see inflation anywhere" shtick, one of its own in-house measures (the underlying inflation gauge or UIG) is about to hit 3%.

The UIG estimated on the "full data set" increased from a revised 2.91% in October to 2.95% in November.

Source: the NY Fed.

Yes, one of the Fed's OWN inflation measures (and one that leads the CPI) is about to hit 3%. And by the way, the UIG is from the NY-Fed: the regional Fed bank involved in daily market operations with the best understanding of how the financial system actually works.

Why does this matter?

Because, as I outlined in my bestselling book The Everything Bubble: the Endgame For Central Bank Policy, since the mid-1990s, the Fed has ....

Posta un commento