I don't think this trend is priced into the bond market. Particularly the lag between the bottom of the Core CPI and the PPI seems to imply that things will get worse before they get better.
Feb 23, 2005
Cost Push Inflation
Check out this chart that is originally from AngryBear but brought to my attention by General Glut.
I don't think this trend is priced into the bond market. Particularly the lag between the bottom of the Core CPI and the PPI seems to imply that things will get worse before they get better.
I don't think this trend is priced into the bond market. Particularly the lag between the bottom of the Core CPI and the PPI seems to imply that things will get worse before they get better.
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