Where is the inflation that former Fed Chair Janet Yellen said was “just around the corner”?
The consumer price indices for April are out and they should a small increase in core CPI (ex food and energy) YoY
After a couple of months of rising consumer prices, there is a slight cooling.
The USD Inflation Swap Forward 5Y5Y is still around 2.48%.
Real weekly and hourly earnings YoY fell in April.
Where is the inflation that The Fed has been predicting?