Category: inflation

On Weds. May 10^th Core inflation held steady at 5.5% y/y. (2) Core inflation excludes the volatile food and energy components.

“It’s a head fake,” said Vincent Reinhart at Dreyfus & Mellon. (1)

From the Fed’s vantage point, “You better be sure when you stop, you’re not going to look back and regret it just a couple months later,” Reinhart said. The Fed really needs to be confident that inflation “is headed back to 2%. This is just another drop in the ocean.”