I hear you Neil. I suspect Powell wishes he never used that word. At his press conference last week, the Fed chair tried to redefine "transitory," saying it was less about a length of time and more about lasting impact. Personally I think the jury is still out, but I agree today's numbers make it increasingly hard to make that case. Still it is possible that price pressures will ease as supply chains smooth out.
Barbara A. Rehm
Senior Managing Director
IntraFi Network
(703) 473-7481
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Original Message:
Sent: 11/10/2021 10:41:00 AM
From: Neil Stanley
Subject: While Some Things May Be "Transitory" - Inflation Doesn't Look Like it Is One of Them
United States Inflation Rate (tradingeconomics.com)
US Inflation Rate Rises to 6.2%, More than Expected
The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%.
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Neil Stanley
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