The Paris attacks will certainly hurt European economies, as tourism is sure to suffer. I’m not sure if the Fed bakes that into their model. They’ve cited the global economy as a concern of theirs numerous times. Nevertheless, one of their so called mandates was to target an inflation rate of 2%.
Let’s see how they’ve managed that, so far.
source: USinflationcalculator.com
Pretty fucking bad, actually. From a layman’s point of view, one might say the exact opposite of their mandate is occurring, a Costanza trade in the making.
CPI data is due out on Tuesday, which are almost assuredly going to be laughably horrendous. Then we get the fucking Fed minutes on Tuesday, and get to hear all of those imbeciles chatter boxing with one another about how awesome it’d be to jack up rates inside of the deflationary vortex.
In case the chart above doesn’t do it for you, here are America’s historical CPI numbers–dating back to 1999.
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Thanks for the graph and info, Fly. Tuesday should be interesting.
Regarding your previous post about Hepatitis C, I wonder if there is any justification for drug companies to charge state Medicaid programs $1000 per day for Hepatitis C treatments? I mean, other than the usual justification that corporations who purchase Congress members thus become entitled to feed at the public trough, however greedily they desire to.