ISM Surveys are a good predictor of inflation

“Little noticed was a recent data release showing the Fed’s preferred measure of consumer inflation is going up. Over the past 12 months core personal consumption expenditure‧‧‧

“Little noticed was a recent data release showing the Fed’s preferred measure of consumer inflation is going up. Over the past 12 months core personal consumption expenditure rose 1.5%, higher than the 1.3% expected. The Fed is monetizing much of the government deficit; the monster amount of money that it created is finding its way out of the banking system; there are severe supply constraints in both manufacturing and services; Asia is on fire. Inflation is already rising and these two surveys are a very good predictor of where it will go next”.


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    As an Investment Consultant and Specialist, Pompeo Pontone is a Professional Investor with 25 years’ experience in the fields of Investment Management, Quantitative Finance & Derivatives Trading and Data Science.

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