Inflation Data Points to Higher Interest Rates Upending Bonds and Stocks, and Triggering Banking and Currency Crises
jensendavid.substack.com
“Inflation is at all times and everywhere a monetary phenomenon.” Milton Friedman The US Consumer Price Index in February increased to 3.2% year-over-year ticking up by 0.4% month-over-month for the second month in a row. While the current inflation rate is more than 50% higher than the Fed’s target of a 2% annual decrease in the buying power of the dollar, the news is worse than it appears.
Inflation Data Points to Higher Interest Rates Upending Bonds and Stocks, and Triggering Banking and Currency Crises
Inflation Data Points to Higher Interest…
Inflation Data Points to Higher Interest Rates Upending Bonds and Stocks, and Triggering Banking and Currency Crises
“Inflation is at all times and everywhere a monetary phenomenon.” Milton Friedman The US Consumer Price Index in February increased to 3.2% year-over-year ticking up by 0.4% month-over-month for the second month in a row. While the current inflation rate is more than 50% higher than the Fed’s target of a 2% annual decrease in the buying power of the dollar, the news is worse than it appears.