Fed already behind the curve, USD looks cheap compared to yield gaps, NZD expensive

Posted on March 3rd, 2017

Alternative measures of core inflation in the US, including the Dallas Fed’s PCE trimmed mean measures, show inflation is now very close to the Fed’s mandate and in a rising trend.  Core CPI measures, including the Cleveland Fed’s trimmed mean and median, are well above the mandate.  Inflation trends globally appear to have turned higher, […]