Inflation is now under 1%. I continue to pound the table that deflation is the bigger risk than inflation. The Fed has screwed this up and should be cutting aggressively right now!

⚡ Inflation runs on energy Iran war is keeping oil elevated, feeding inflation. Markets adjusted: cuts in play a couple months ago, now the Federal Reserve likely holds next week. Energy leads, used cars fall (−3%), rest rising. Energy + sticky services = no rush to cut.

US Inflation has further dropped to 1.20% today. Main drivers of this latest in a series of disinflationary coolings were: - Food - mostly Eggs - Household durables - particularly housekeeping supplies - Alcohol & tobacco - mostly alcoholic beverages Our number is derived by aggregating millions of real-time price data points every day to calculate a year-over-year CPI % rate. It is comparable but not identical to the survey-based official headline inflation released monthly by the BLS, which was 2.7% for December.

Breaking news: US inflation jumped to 3.8% in April, its highest level in three years, as Donald Trump’s war in the Middle East continued to drive a sharp rise in fuel prices.