Chart of the week: US inflation follows oil and gold

Bonds advanced after the attack on Saudi Arabia, with investors ignoring the potential for a rise in inflation. This chart also suggests they are being complacent.

As James Ferguson of MacroStrategy Partnership points out, there is a close link between the annual percentage change in the price of an equally-weighted basket of oil and gold prices and the annual rate of America’s consumer price inflation (CPI); the basket leads CPI by a month, so where it goes inflation...
source: Money Week

2019-09-23 11:08
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