Inflation This Week

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The big economic data this week comes on Wednesday and Thursday mornings, at which time we get the latest data on how “transitory” inflation is behaving.

Because, as a reminder, the Fed’s insistence on providing trillions of dollars of fresh wealth to their billionaire friends is ostensibly to goose up inflation, which in turn is ostensibly oh-so-good for the average Joe, whom of course is Jerome’s main concern. Because, you know, dual mandate. After all, inflation has been utterly flat for decades, particularly once Dick Nixon took hold: