- Before was 74.0
- Current position 77.9 vs previous 75.1
- Expected 70.2 vs 73.3 before
- 1-year inflation 3.3% against 2.8% previously
- 5-year inflation 3.3% vs 3.0% previously
This is another blow to stocks, these inflation numbers are a problem even though they may reflect tax expectations. This is in line with the highest level since 2008.
This is an interesting table from UMich which suggests that the increase in inflation expectations was about taxes.
This article was written by Adam Button at www.forexlive.com.
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