Today, the US inflation numbers were released and CNBC proclaimed “US core inflation posts biggest gain in nearly 1 1/2 years!” Yes, core inflation (CPI less food and energy) rose 2.1% YoY, hardly distinguishable from other readings since 2000. But what is noticeable is the “Greenspan Retreat,” the last time core inflation exceeded 5%. Of course, … Continue reading The Greenspan Retreat! US Core Inflation Checks In At 2.1% YoY, Rent Inflation At 3.4% YoY, Home Price Growth At 5.2% YoY →
The post Greenspan’s Retreat Forms Saucer Bottom as US Core Inflation Exceeds 2% Target was originally published at The Wall Street Examiner. Follow the money!