Calling An End To The Commodity Rally? Not So Fast zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Here s What Wall Street Thinks Is Behind The Shocking Plunge In Yields zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
There was some good news for the (
transitorily hyper-)inflation-ravaged US economy today when copper, wheat and lumber futures all fell after days of surging - in the case of the latter, the first drop in 13 days.
. pushing the Bloomberg commodity index lower after six straight days of gains.
Yet while today s boiling-off in commodities may have been a faint validation of the Fed s claim that this inflation is “transitory”, inflation pressures are unmistakably building, with Bloomberg s Vince Cignarella noting that the
five-year/five-year inflation swap is above 2.5% and rising: that’s the highest since January 2018 and just 10 basis points below levels we saw in January 2017.