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?




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