Deflation, Disinflation, Inflation, Stagflation, ???

Today we got the March 2011 CPI inflation data and it shows that the FOMC has won (for now) the disinflationary battle they undertook with the QE2 program. The year-over-year core inflation rate has now risen for six consecutive months. The March figure of 1.19% is the highest year-over-year core inflation rate since a 1.34% [...]

Beige Book notes

Today’s Beige Book report provides updated economic information collected before April 4th, 2011. Below are my highlights from the report: economic activity improved since last report Manufacturing strong Loan demand flat to up slightly Residential & commercial real estate weak No wage pressure Higher commodity costs Auto sales improving Tourism improving Labor markets improving. March [...]

April 2011 edition now online

The April 2011 edition of the Brinker Fixed Income Advisor is now available at BrinkerAdvisor.com for subscriber access.