Fed’s Kaplan Expects Temporary Inflation Spikes During Recovery

Fed’s Kaplan Expects Temporary Inflation Spikes During Recovery

From bnnbloomberg.ca

Bouts of higher inflation won’t be surprising and while they’ll likely be transitory, it’ll be something to watch closely, said Federal Reserve Bank of Dallas President Robert Kaplan. “The temporary jump in inflation or rise won’t surprise me -- the question for me will be how persistent is it,” Kaplan said Tuesday in an interview on Bloomberg Television with Mike McKee. “For me the jury is out on that right now.” A recovery from the Covid-19 pandemic this year, bolstered by vaccine distributions and increased economic activity, will drive growth, lower unemployment and probably propel some increase ... (full story)

DEFLATION

- Older Stories
Sterling Continues to make headway against basket of currencies
From currencies.co.uk|Feb 9, 2021|7 comments
GBPEUR figures continue to trade around a nine-month high not seen since May last year and there seems to be little signs that this growth is expected to slow. GBPUSD broke into ...
Biden to discuss relief package with business leaders at White House
From reuters.com|Feb 9, 2021
U.S. President Joe Biden will meet with the chief executives of JPMorgan Chase, Walmart, Gap Inc, and Lowe’s Companies on Tuesday as part of his efforts to boost an economy still ...
Bank of England urges co-operation on clearing
From omfif.org|Feb 9, 2021
The experience of financial markets last March may best be described as a ‘dash for cash’ rather than a crisis. In an OMFIF roundtable at the end of January, Christina ...

- Newer Stories
Brexit: 'Under-loved' fish renamed for British tastes
From bbc.co.uk|Feb 9, 2021
Fishermen are to rename two of their biggest exports in a bid to attract British consumers after post-Brexit difficulties selling to the EU. Megrim sole is to be sold as Cornish ...
What Tesla's bitcoin purchase means for the future of the US dollar
From axios.com|Feb 9, 2021|25 comments
Large and respected institutions, including a $1 trillion company run by the richest person on earth are starting to worry about the world's institutions, most notably the stock ...
What to Keep in Mind Ahead of US Jan Inflation Data
From orbex.com|Feb 9, 2021
With demand still under pressure in the middle of a pandemic, it might seem odd to talk about inflation. Especially with jobs growth stagnating, as we saw with last Friday’s NFP ...