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MNI Inflation Insight: Another Blow To “Transitory”

US OUTLOOK/OPINION

MNI has just published our latest Inflation Insight - "Another Blow To 'Transitory'".

  • A well-above-consensus October U.S. core CPI reading struck yet another blow to the "transitory" inflation thesis.
  • Arguably the "transitory" argument still has life yet, looking at market expectations for the long-term Fed funds rate and inflation.
  • But the October reading increases the probability that the Fed will announce an acceleration in its taper pace at the December meeting.
The full document, which includes sell-side analysts' views on the October inflation numbers, key inflation charts, and reporting on U.S. inflation from MNI's Policy Teams, has been emailed to MNI Research subscribers and is available on the MNI website.

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