Financial Times/Tommy Stubbington and Colby Smith/4-23-2022
“Investors’ expectations for US inflation have shot to their highest level in decades even as the Federal Reserve signaled that an aggressive tightening of monetary policy was imminent, underscoring the challenge central banks face in convincing markets they can tame runaway price growth.
USAGOLD note: The last print on consumer prices came in 8.5% higher year over year – nearly 5.5% over expectations at 3.08% and the highest in twenty years. Though central banks rely on the 10-year breakeven rate for policy decisions, a good many knowledgeable investors are looking at much higher numbers to cover inflation’s bite.
Source: St. Louis Federal Reserve [FRED]
