US inflation has now been above the Fed's 2% target for 66 straight monthsThat's more than five years in a row without a…
US inflation has now been above the Fed's 2% target for 66 straight months
That's more than five years in a row without a single CPI reading at or below 2%Per Bespoke Investment Group, it's only the 3rd time in the past century that inflation has stayed above 2% for five years or longerThe other two streaks lasted 242 months and 129 months, and together they ran almost nonstop from February 1966 to October 1997September CPI came in at 3.7% year over year, up from 2.4% in JanuaryAnd the pressure isn't fading. WTI crude is back above $101 this morningThe last time a streak got this long, it turned into a 30 year inflation era. Every month above 2% makes it harder for the Fed to ease, and with oil over $100 this streak has a real shot at running well into 2027Source: StockMarket.News
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