Core CPI continues to ride along the 2% target range, bifurcated between shelter and non-shelter prices. CPI shelter inflation is at about 3.3% over the past 12 months. The non-shelter core components are now down to 1.0% over the past 12 months.
I have been suggesting that long bond positions would be profitable, and expecting that an inertial Fed would create marginal buying opportunities in other assets as that opportunity played out. The long bond position is mostly finished because of the zero bound. Mid-to-long term rates aren't able to go much lower. If the Fed gets ahead of things here, maybe they will curb any pullbacks in equity markets or housing markets. I'm happy to see that tactical opportunity disappear if it means the Fed doesn't encourage unnecessary contractions. In fact, maybe that would make those opportunities even more fruitful, without waiting on a pullback, if the economic expansion is allowed to continue, chipping away at risk aversion.
But, the story remains. Inflation is very low. To the extent that real wage growth continues to disappoint, this is largely a structural supply issue that creates a transfer from tenants to real estate owners, which is measured as inflation.
But, the story remains. Inflation is very low. To the extent that real wage growth continues to disappoint, this is largely a structural supply issue that creates a transfer from tenants to real estate owners, which is measured as inflation.---KE
ReplyDeleteThere is a whole world in this one paragraph.
It is not PC to say so, but if West Coast property owners are extracting all income games through economic rents... then the she-devil known as rent control maybe worth dating
To know more about Chief Dr Lucky you can visit his website (https://chiefdrluckyherbaltherapy.wordpress.com/)
ReplyDeleteA friend that suffered from Herpes and was cure with the help of this great herbal doctor Chief Lucky so i decided to contact him for help in getting rid of my families genital herpes virus 1/2 which i did and all i was told to provide was just some useful information and some materials used in preparation of the natural cure and that i did and now i am the happiest person on earth because i am writing this testimony of mine with joy and happiness in my heart to the whole world to know that natural remedy is real because i am a living testimony of Chief Lucky traditional herbal cure and i want you all to contact Chief Lucky via his email: chiefdrlucky@gmail.com or WhatsApp him +2348132777335 am sure he will help you too.
my name is Albert Roy, and I’m a student. My reading of this article just finished. Excellent Please accept my thanks for your post. you describe this post May 2019 CPI Inflation. All students will find these data useful. I genuinely hope that these recommendations prove useful to you down the road. Exceptional post with all the required information. However, I’m currently seeking the best writing a report help service for my job. The webpage is educational, in my opinion. I suggest students to use it as support. And finish your assignment right now.
ReplyDeleteIt is so amazing, what a web article! This blog provides valuable data for your viewers. Thanks so much for sharing. feca part time nd application deadline
ReplyDelete