One, I wouldn’t trust a thing JP Morgan has to opine on.
Second, inflation as a result of robust economy is something we should be cheering about, rather than inflation caused by irresponsible monetary expansion.
I’m not in the least bit worried. The only thing that caused me SOME caution is inflated housing prices this stage in the game.
A “scorching hot” inflation report might be an honest one that reflects the true cost of living. It’s truly hard to believe that the reported inflation for the past decade has been the same as the out of pocket people have been experiencing.
Spot on, Sam. Spot on!