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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Fri. Dec. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

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Thursday, October 21, 2021

My Pet Peeve: The Use Of The Phrase 'Transitory Inflation'

U.S. Fed members have repeatedly used the word 'transitory' when describing the current inflation envoronment, as it is currently massively pushing up the price of most goods and services in all sectors of the economy...many by double-digit percentage points.

I would posit that 'transitory inflation' cannot be determined to be transitory until the time arrives when prices stop rising and drop back to levels prior to their increases.

Instead, inflation is simply inflation, until it stops and reverses.

If prices never stop rising and reverse back, they will never be 'transitory.'

Unless these members have a crystal ball, they do NOT know whether today's inflation will last, get worse, or ever stop rising and revert back to prior levels.

Fed members are, therefore, misusing this phrase and mischaracterizing or inaccurately describing today's state of affairs.