If economists and central bankers had a “Public Enemy” category, like INTERPOL or the FBI do, inflation would undoubtedly be elected the No. 1 enemy of the people.
If economists and central bankers had a “Public Enemy” category, like INTERPOL or the FBI do, inflation would undoubtedly be elected the No. 1 enemy of the people.
Watch consumers, supply chains, and the pandemic, of course.
A year ago, we were forecasting a solid 2021, but forecast risks appeared to be mostly to the downside. In some cases, we correctly predicted a result but did not anticipate the cause. For example, recovery in employment was slowing, but the issue seemed to be one of weak demand, not tight supply.
You’ve probably seen the headlines about some economists becoming increasingly concerned about inflation. So, should we be concerned? (Note: please keep reading. This is not one of those in-depth analysis involving T-bills and yield-curves, but more of a big picture, horse-sense type of view.)
You ask. FTR Experts answer.
