Inflation Peaks by Mid-Year 2022

The consumer price index for March 2022 increased 8.5% following a 7.9% annual gain in February. Gasoline and the March peak in oil prices drove half of the monthly increase and food was also a large contributor. Excluding volatile food and energy components, core CPI increased 0.3% in March from…

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Understanding the Treasury Yield Curve

Misunderstandings and Predictions Made by Stock Market Talking Heads On March 30, 2022, the 2-year T-Note yield rose above the 10-year, inverting the yield curve and forecasting recession in 12 to 18 months. If the 2-year yield is more than the 10-year, how can banks make money paying depositors a 2-year…

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