BLOOMBERG Bloomberg Real Yield September 17, 2017
Of a comeback. Inflation remains well below 2 . Core cpi is 1. 7 or 1. 6. It allows the fed to go slow and not disrupt market conditions. Gradual pushup in inflation back to normal, but we dont see anything that will push inflation to levels where it becomes a market issue or forces Central Banks to accelerate any rate hike plans they may have. Larry summers is right. You should probably start to tighten when you see the whites of the eyes of inflation. 1. 4 core pce aint anywhere near the whites of anybodys eyes. The biggest risk is clients getting in and buying duration right now. We want so...