A Price-Wage-Price Spiral & Above-Target Inflation Is Unlikely Long-Term

"It will be difficult for inflation to be anything but transitory without persistent wage pressures at the lower end of the wage spectrum," says Larry Shover. He weighs in on some of the industry reports like the PMI Composite Flash and Existing Home Sales. Finally, he provides his take on Bitcoin Futures (/BTC) which are up nearly 1% and hovering near $40K in early trading hours.

Futures

21 May 2021

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