Another Nail In The “Lowflation” Coffin

When the market was initially attempting to rally after the August CPI report this AM the weenies at CNBC helpfully posted a crawler announcing that the averages were up on “tame” inflation data. Well, no. The best inflation trend measure—the 16% trimmed mean CPI—-was up 3.0% on a YoY basis in August. As it happens, […]
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