In January, the inflation rate experienced a significant surge. The monthly compounded annual rates for both CPI and CoreCPI exceeded 5%. To understand the trend, take a look at the graphic provided. https://fred.stlouisfed.org/graph/?g=1DCDT Anyone still think the Fed has conquered inflation?? What do you think is the neutral rate of overnight interest rates? Could it be between 4.5 and 5.5%?
------------------------------ Neil Stanley ------------------------------
