With the exception of goldbugs, almost everyone seems to have abandoned their inflation worries. The Federal Reserve is easing again, Wall Street stocks and bonds are rising in tandem, and even the bruised dollar has perked up a bit.
The Fed’s strict 2% inflation target seems to be a thing of the past.
And yet financial markets are chattering about a U.S. economy about to be run “hotter”, an investment super-cycle that could extend for years and supply chain disruptions that could reverberate through 2026 and beyond.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.