Inflation Is Still Above The Fed’s Target

The economy is not out of the woods yet, inflation is still running hot (but not burn yourself hot) by the Fed’s standards and we could see a re-ignition.

I know I said this note would come next week, but I’m sending this out now because it felt like an incomplete thought that I needed to finish.

Whether or not you believe tariffs are inflationary (a debate currently being argued amongst economists), there is evidence to suggest that we haven’t yet seen most of them pass down through price increases to the…