Inflation Needs Subtlety Now. It’s Getting Trump: John Authers

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Today’s Points:

• Inflation in the US has definitely stopped going down.
• Conventional wisdom is settling on a fed funds cut next month, and then the Fed waits and sees.
• Global fund managers are convinced Trump 2.0 means, “Buy America.”
• They’re also certain that he increases the risks of inflation. That’s the balance to strike for the next four years.
• AND: Liveplay isn’t so Cold.

This Inflation Report Needs Finesse

Subtlety has been in short supply recently, particularly on the increasingly political subject of inflation. That’s ...