The Fed is WAAAAY Behind the Curve on Inflation
by The Phoenix Inflation is ROARING. Five year breakevens, which is a key inflation measure, just hit a new all-time high of 3.0% (started in 2002). Inflation expectations running out to five years are now higher than at any point in the last ~20 years. Unfortunately, that’s not even the end of the bad news. The … Read more