The plummeting dollar has made all those things that we buy from China etc.. that much more expensive. Add the fact that commodities are at multidecade highs and the cost of transportation has risen and you have three things that should drive prices higher across the board. And the more the dollar plummets the worse things will get on inflation IMHO. And if oil switches to the Euro, then we should see a dollar nose dive. Stagflation anyone? 15% interest rates?
I think if the Fed is trying to fight inflation, they're fighting the wrong war at the wrong time. They ought to be more concerned about creating a recession by overtightening.
What's showing up is higher energy costs..which is not inflationary, but the exact opposite...
Furthermore, because I think there's not a big problem with inflation, doesn't make me callous. That was a ridiculous statement and you know better, AJ.
Market Data 
Markets 
AI
