With Thursday’s CPI report for May the only tier 1 economic report out this week, inflation was once again front and center of the discussion—not that it has been very far from investors’ minds lately. With this as a backdrop, in this Economics Weekly we again focus on the current inflation dynamics, arguing that today’s bout of higher prices are likely to be—in the Fed’s view—transitory.
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Richard de Chazal, CFA is a London-based macroeconomist covering the U.S. economy and financial markets.