There is short-term and there is long-term. Short-term, an indicator of positive inflationary cyclicality looks set to bounce. Long-term, it is locked well below key
NFTRH: a reality-based financial market service with a critical contrary perspective: “Before NFTRH I used to feel a bit like Agent Starling in Buffalo Bill’s basement after the lights went out. Thanks for turning on the lights.” –JM