Transitory

The transitory discourse on inflation is back.  But economists say higher prices are here to stay

The transitory discourse on inflation is back. But economists say higher prices are here to stay

Fruit and vegetable prices are displayed at a store in Brooklyn, New York, March 29, 2022. andrew kelly | Reuters Global markets have been encouraged in recent weeks by data indicating that inflation may have peaked, but economists are warning of a return to the “transitional” inflation narrative. Stocks rebounded when the U.S. Consumer Price …

The transitory discourse on inflation is back. But economists say higher prices are here to stay Read More »

Inflation does damage to Japan, hits the yen.  BOJ's Kuroda clings by his last fingernail to 'Transitory'

Inflation does damage to Japan, hits the yen. BOJ’s Kuroda clings by his last fingernail to ‘Transitory’

But it will be released in April. By Wolf Richter for WOLF STREET. Bank of Japan Governor Haruhiko Kuroda, the architect of Japan’s mad money-printing spree under the economic religion of Abenomics that began in 2012, will leave the BOJ at the end of his term in April 2023. He won’t turn his interest rate …

Inflation does damage to Japan, hits the yen. BOJ’s Kuroda clings by his last fingernail to ‘Transitory’ Read More »