US media is going a tad bit inflation crazy due to last week's higher than expected CPI

Jay Soloff

Argonath Financial

US media is going a tad bit inflation crazy due to last week's higher than expected CPI. Financial news sources are digging up inflationistas out of the woodwork, who use the public forum to scream about impending hyper-inflation and other scary scenarios. Investors seem to buying in to this rhetoric with gold futures spiking this month and silver up even more. Of course, the Fed wasn't concerned and barely shifted its rate forecasts. Why? Because there are different types of inflation, and not every price increase is a cause for concern. First off, the Fed doesn't pay a whole lot of attention to CPI. For the central bank, wage growth is more important. Moreover, CPI running at around 2% is exactly in line with the Fed's inflation target and right at the historical average. So, is this really cause for concern?

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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