What if Disinflation Turns Out to Be Transitory?
2023.09.18 03:23
has come down a great deal from its peak, but what if — in a total plot twist from the Fed’s plan — disinflation is what turns out to be transitory?
Jesse Felder Post CPI Tweets
Certainly, there are important dynamics in commodities markets today that threaten to make the Fed’s job much harder.
Jesse Felder Saudi Oil Tweets
In addition, a rising dependency ratio represents a structural tailwind to the inflationary impulse.
Jesse Felder Demographis vs Inflation Tweets
Meanwhile, the inflation already incurred by the economy may soon threaten the integrity of the “soft landing” narrative.
Jesse Felder Tweet – Unemployment
Of course, the message from the bond market has not wavered. And, unlike economists, it has a perfect track record.
Jesse Felder Tweets on US Bond Market
Perhaps it’s time for the “stagflation” narrative to make a comeback.
