- While some investors welcomed the dramatic increase in commodities prices so far this year, others saw them as a warning sign of real inflation coming to the United States and other markets.
- A recent survey of fund managers found that nearly three-quarters of them believe that inflation is transitory, further casting doubt on inflation panic.
- Lumber was the poster child for the inflation is here to stay camp, but Powell noted that the recent performance for the commodity supports the transitory camp, after seeing its price get cut nearly in half.
For further details see:
What Commodities Tell Us About Transitory Inflation