Ignore the Inflation Data -- Pay Attention to the Drop in Capital Expenditures |
March 01, 2016 | March 2016 Bond Updates |
Core PCE prices were reported to have accelerated in January and the result yielded a lot of noise that the greatly anticipated upturn in inflation is finally at hand. This could be true except that inflation is a lagging indicator and without an acceleration in economic activity in the coming months (evident in hiring not inventory), reported core inflation data should fade as the year moves on. |
View more at: http://www.forbes.com/sites/stevenblitz/2016/02/29/ignore-the-inflation-data-pay-attention-to-the-drop-in-capital-expenditures/ |
Related News |
|