AFMC - This Current Wave Of Inflation Is Not Transitory The First Wave Was
2024-05-16 01:21:20 ET
Summary
- April inflation resists Fed efforts, printing at 0.3% for the month and 3.4% for the year.
- Two waves of inflation: transitory "Demand-Pull" and long-lasting "Cost-Push" caused by excessive money printing.
- Fed's plan to unwind $8 trillion balance sheet is an unknown experiment with potentially disastrous consequences.
April inflation printed at 0.3% for the month and 3.4% for the year, stubbornly resisting Federal Reserve efforts to bring it down to 2%. This is a disappointment for those who expect the Fed to lower interest rates, but they continue to forecast a reduction sometime this year, say in September, perhaps even lowering the inflation target....
This Current Wave Of Inflation Is Not Transitory, The First Wave Was