The Deeper Dive: A Clear Picture of Inflation's Return and Reservations about Bank Reserves
The rise of inflation is no longer transitory.
I want to start this weekend’s Deeper Dive with two really good charts on inflation because I feel they show—better than other graphs I’ve presented—the rise in month-on-month inflation that I’ve been talking about since mid-summer. In these charts, you can see how that now unmistakable rise has relentlessly gotten worse over the passing months:
I extrac…
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