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Nov 20 2020

The Rotation Should Hardly Be A “Surprise”

  • Nov 20, 2020

Consumer Price Inflation of 1.2% for the twelve months through October remains way below the Fed’s long-time 2% objective, which is nothing new. But a first step in getting inflation to eventually run a little bit “hot” (the Fed’s new objective) is to break the long-term disinflationary psychology among consumers and investors, and that is clearly happening. In fact, based on the excellent “Inflation Surprise” Indexes published monthly by Citi, the U.S. is now the world’s inflationary hotspot!

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager