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Inflation’s Been A Dud

TedTed
in The Bullpen
FYI: Based on my experience of spiraling prices in the ’70s and ’80s, I never thought I’d be rooting for inflation but I am. Mildly.

I’m not alone. Our estimable Fed chair, Janet Yellen, is also hoping for inflation. Oh, how she hopes. Unfortunately, inflation — at least the Fed’s favorite kind — is lagging. The latest release from the Bureau of Economic Analysis showed a sluggish 1.6 percent annual growth rate in the core PCE (Personal Consumption Expenditures) metric. The Fed targets a 2 percent inflation rate.
Regards,
Ted
http://wealthmanagement.com/print/etfs/inflation-s-been-dud
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