Robert Armstrong Good morning. It’s CPI day. There is good reason for optimism that inflation will continue to abate, and not just because of gas prices. But as we like to repeat at Unhedged, there is no such thing as high and stable inflation. There will be more surprises, in both directions, before the current episode concludes.
Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about […]
(Bloomberg) — The UK is less of an outlier in terms of its inflation rate than recent data and analysis would suggest, according to Panmure Gordon. While both headline and core inflation remain higher than […]
WASHINGTON (AP) — Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two […]
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