Taps Coogan – November 5th, 2021
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The following chart, from ISABELNET, shows the relationship between changes in crude oil prices and breakeven inflation expectations.
Considering that shipping delays and costs, capital goods spending, used car prices, and consumer expectations for inflation are all still ripping higher, it’s not much of a surprise that we find yet another indicator that so-called ‘transient’ inflation is likely to remain elevated at least into next year.
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