Kansas City Fed Economic Forum Reveals Inflation STILL Rising

Context . . . 

For our more savvy readers, we wanted to share a quick look at remarks delivered at the Kansas City Fed’s Economic Forum in Grand Island, Nebraska.

Here's the standout comment that offers monetary policy expertise that's PROBABLY just as accurate as what our eyes tell us at the grocery store but political pundits attempt to spin nevertheless . . .  

"Our inflation problem is not only about energy. Excluding energy, inflation is still running solidly above 2 percent. Services price inflation has been trending higher since the end of last year and is at a pace well above the level consistent with us meeting our overall 2 percent target. The persistence of inflation across a broad-based selection of goods and services is concerning, especially with inflation running above the Fed’s 2 percent objective for five consecutive years. On inflation, we are still not where we want to be . . . 


"One contributor to too-high inflation has been grocery prices. Food price inflation has been creeping up and is currently running around 2.5 percent, a good bit faster than the pre-pandemic average . . ."

Read more via www.TonysKansasCity.com link . . .

KC Fed: The Federal Reserve, Economic Outlook and Monetary Policy