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Inflation

Inflation

| June 01, 2021
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Despite the Fed’s insistence that the present jump in inflation readings is “transient” and “temporary”, indications of widespread inflation are becoming so numerous as to be overwhelming. Deutsche Bank maintains a data series it calls the “Inflation Data Surprises Index”, which monitors unexpectedly-high or –low inflation reports across the economy.  The current readings are the highest in the 20-year history of the index.  Deutsche Bank strategist Jim Reid described the last 10 data points as “almost off the chart”. (Chart from Deutsche Bank)

Jeffrey Cerny

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