US savings Rate still quite elevated but moving back towards trend. it is hard to generate inflation when everyone saving money
Also per the St Louis Fed FRED website Consumer Debt declining. hard to generate above trend Inflation when Savings above average and Consumers paying down debt. More pieces to the Higher Inflation “puzzle” but two things to take notice here.
Over the last 30 minutes comments from Mnuchin, trump and A Pelosi Spokesperson indicating a Stimulus deal is still far from certain. Spoos and Nasdaq below yesterdays lows,10 year yields below yesterdays lows,30 year yields below yesterdays lows also below 200 D MA. No stimulus trade in Effect, Dollar still red on day a turn in too Green likely to pressure stocks more, gold silver trading lower as you might expect on A “no stimulus ” move