Inflation expectations are not buying the blowout January Payrolls report
The 10 year breakeven inflation rate has been declining (the 5 year is similar) for the better part of a year.
However, it’s likely those darn “sticky”, price gouging entities are contributing in their small or not so small way to the Fed’s still mildly hawkish stance.
But today, after the booming January payrolls report, you’d think there would be more of a bump in the inflation readings operating in real time. But that is not happening. It’s interesting, at least. Personally, I am not buying the booming January payrolls number. I think it may have been a last, macro whipsawing gasp.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.