Something is moving beneath the surface.
Yellen was right to brush off “transitory” factors of “low” inflation.
Even from Japan! Its export producer prices are jumping.
How much home prices have surged past the prior bubble! But household incomes got left behind, even in Silicon Valley.
Even Seattle rents are under pressure from new construction. But rents are surging in mid-tier markets.
Extraordinary home price inflation in all its beauty.
The Fed leads, other central banks follow.
What’s Boiling Beneath the Surging Inflation?
The annual income data from the Census Bureau is here. Men, sit down.
QE unwind in September, “another rate hike later this year.”