What Does The Fed Mean By "Transitory Inflation" And Why Is It Important To Understand?
As the markets react to the somewhat shocking CPI and Inflation data while Q2:2021 earnings continue to roll across the news wires, we wanted to take a minute to explore the recent Fed comments related to “Transitory Inflation” and what that really means.
The COVID-19 Cycle Phase Setup
The COVID-19 market collapse happened at a time when the general US stock market was continuing to transition into stronger upward price trending and where consumers were engaging in the economy at fairly strong levels. Initial Jobless Claims in November and December 2019 averaged near 221k per week. Real Consumer Spending averaged more than 2.80% throughout all of 2019.
The Consumer Price Index (a measure of price inflation) averaged only 0.18% throughout all of 2019. One could say jobs were strong, consumers were spending moderately robustly and inflation concerns were relatively mild or non existent….Continue Reading Here.
Source: http://crudeoiltrader.blogspot.com/2021/07/what-does-fed-mean-by-transitory.html
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