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Benzinga
Benzinga
OK, I have more bullish confirmation on inflation and markets. This is what consumers think mostly because this is what they are seeing, a slowdown in inflation. So these jokey core CPI numbers stubbornly stay at .4% don’t match most other measures showing disinflation: ISM, wages, expectations, etc. Fed Chair Powell finally admitted core CPI has a lag because of rents and said rents are most likely going to start dropping hard. In fact Powell said to congress he expects rents to drop (his words) “significantly.” He mentioned on Fed day that rents make up 1/3-1/2 of core inflation. So 1/3-1/2 …