Are we entering the inflation era?

When Paul Volcker came to the Fed 30 years ago the priority henceforth inflation eradication. But with the jobs situation dire, the Fed seems to be having a 'reverse Volcker moment'.

Already, financial markets are starting to notice. Just witness the 25 basis point surge in break evens in the hours following the Fed’s QE3 announcement on Thursday last week, representing a "5-sigma event” for this market-measure of inflationary expectations.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles