Against a sectoral approach to analyzing inflation
predictionmarkets.substack.com
On Wednesday morning, the Bureau of Labor Statistics will report the much-awaited April inflation numbers. After March’s extreme 1.2% (month-over-month) print, it seems highly likely that the CPI will be much lower, perhaps around 0.3%. Five-year breakeven inflation rates (which are derived from the spread between inflation-protected Treasury rates and unprotected rates) have now
Against a sectoral approach to analyzing inflation
Against a sectoral approach to analyzing…
Against a sectoral approach to analyzing inflation
On Wednesday morning, the Bureau of Labor Statistics will report the much-awaited April inflation numbers. After March’s extreme 1.2% (month-over-month) print, it seems highly likely that the CPI will be much lower, perhaps around 0.3%. Five-year breakeven inflation rates (which are derived from the spread between inflation-protected Treasury rates and unprotected rates) have now