Stalled Inflation Means Idle Printing Presses At The Fed

If like our merry band of money printers at the Fed you don’t think food and energy are necessities, and therefore can be omitted from the inflation index, today’s PCE deflator report should give cause for pause. The reading on the Fed’s favorite sawed-off inflation ruler (PCE deflator less food and energy) was up +2.8% […]

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