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.
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huh-what about the thousnds and thousands of tech layoffs these last couple of months