The listening audience tomorrow wants to talk inflation, so here is some data and a few of my thoughts on the issue. The highlight: not a big deal at this time.
Inflation is another concern for the radio listeners. The idea that rising inflation is “new” is silly and not true while also not clearly the level of problem I hear suggested.
The radio audience (and others) seem to be worried about inflation. Let’s consider where we are at right now.
Sipping my coffee this morning and reading the paper about the proposed capital gains tax cut it struck me that this is a really big change with very unclear consequences.
This is a little more macro/money than much of the stuff I post here but it seems to be something people miss sometimes. The Federal Reserve drastically lowered rates in response to the unfolding financial crisis in 2008 and later. Those rates remain low today, essentially set between 0.0 and 0.25%. Despite this range the rate is effectively staying at or below 0.1%, but that is not what I am addressing today.