The headline CPI numbers are finally starting to hit or exceed the Fed’s target, coming in at a seasonally finagled rate of +0.2% for both May and June. CPI understates actual inflation, and that plays havoc with other economic data. With the Fed focused on bad data, it has had the excuse to continue ZIRP…
The post How The Fed and Most Economists Ignore Inflation, And Why That Means Big Trouble was originally published at The Wall Street Examiner. Follow the money!