by Mike ‘Mish’ Shedlock
This is a guest post by Joseph Y. Calhoun at Alhambra Investment Partners. His post starts off with this quote by Stanley Fischer, Fed Vice-Chair in a speech before the National Association for Business Economics.
Says Fischer “We may well at present be seeing the first stirrings of an increase in the inflation rate — something that we would like to happen.”
I dispense blockquotes using a guest post format.
Is Inflation About To Make A Comeback? by Joseph Y. Calhoun
Anyone renting an apartment over the last few years might well wonder what rock Mr. Fischer has been residing beneath – and whether it was rent controlled. Certainly not all prices have been as reluctant to rise as the CPI itself which has been running quite a bit beneath the Fed’s target the last few years.