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In today’s column we will explore the link between our nation’s debt and the growing inflation. So let’s start off with a definition of the word monetary or price “Inflation” The Dictionary’s definition is: “A general increase in prices, or a fall in purchasing power of a nation’s currency. In our case, that is the…… Continue reading What does a Nation’s Debt have to do with Inflation?

Federal Reserve Chairman Powell sees 1970’s style inflation, as very unlikely, because of the central bank’s commitment to price stability. He pointed to the significant decline in the price of lumber these past weeks, suggesting that recent increases in inflation measures, were “transitory.” Meanwhile, the price of oil, a leading inflation indicator, rose to $73/barrel,…… Continue reading Famous Last Words?

Although the Fed raised its headline inflation expectations this week to 3.4%, a full percentage point higher than the March projection, their post-meeting statement stood by its position that inflation pressures were “transitory.” The raised expectations come amid the biggest rise in consumer prices in about 13 years. In the Fed Statement, they now say…… Continue reading Fed Warning Shot?

It doesn’t take a Ph.D. in economics to realize we are facing increasing inflationary pressures across the board in housing, food, education, travel, and medical costs. Is the jump in consumer, and producer, prices we have seen in April and May, just “transitory” as suggested by Federal Reserve Chairman Powell, or the early sign of…… Continue reading The $64 Million Dollar Question!