US Fed Works On Cocktail Of Growth And Inflation – Investing.com

  • Date: 03-Jul-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Middle East
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US Fed Works On Cocktail Of Growth And Inflation – Investing.com

The inflationary cauldron continues to boil. However, the USDX and Treasuries are undervalued relative to U.S. GDP growth prospects. What’s going on?

The Rising Tide Of Inflation

While investors are all-in on the U.S. Federal Reserve’s “transitory” narrative, the inflationary cauldron continues to boil. Case in point: the IHS Markit released its manufacturing PMI on July 1. The report read that “June PMI data from IHS Markit signalled the joint-fastest improvement in the health of the U.S. manufacturing sector on record.”