“Inflation wish”

Given how many are worried about “lowflation”, whenever a new data point is released you are likely to get absurd (and misleading) comments such as in the two examples below. “U.S. consumer prices rose in December, bolstering expectations that long-weak inflation is set to gain strength in the new year.” “For now, this report adds more weight to the idea that the run of soft numbers from March through July was ‘transitory”. To cap it “brilliantly”, this from Justin Lahart at the WSJ: Janet Yellen can take a victory lap about inflation on her way out as Federal Reserve chairwoman….

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