The Fed's preferred measure of US core inflation printed overnight 0.5% in the *month* of November and an incredible 4.7% over the last 12mths. The first chart below shows we have not seen this since the late 1980s. The second chart is the monthly data, where you can see that the monthly pulse is increasing, not decreasing...The final chart is monthly core inflation going back to 1980. Sadly, it's all ugly.
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Chris co-founded Coolabah in 2011, which today runs over $8 billion with a team of 26 executives focussed on generating credit alpha from mispricings across fixed-income markets. In 2019, Chris was selected as one of FE fundinfo’s Top 10 “Alpha...