U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says
Inflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.
By nearly every barometer, inflation is still well above where most Americans, and in fact some Fed officials, feel comfortable.
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said...
Consumer spending held up in September, underscoring a resilient economy.
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank...
In fact, economists at Goldman Sachs think the Fed may already be there.
While tax hikes are focused on big corporations and high earners, the budget also contains politically-controversial measures.