{"id":28846,"date":"2021-11-10T06:48:05","date_gmt":"2021-11-10T06:48:05","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=28846"},"modified":"2021-11-10T06:48:05","modified_gmt":"2021-11-10T06:48:05","slug":"inflation-is-coming","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/10\/inflation-is-coming\/","title":{"rendered":"Inflation is coming"},"content":{"rendered":"<h2>Inflation tops investor concerns according to Fed report<\/h2>\n<blockquote><p>Concerns over higher inflation and tighter monetary policy have become the top concern for market participants, pushing aside the COVID-19 pandemic, the Federal Reserve said on Monday in its latest report on financial stability. &#8230;.Roughly 70% of market participants surveyed by the Fed flagged inflation and tighter Fed policy as their top concern over the next 12 to 18 months, ahead of vaccine-resistant COVID-19 variants and a potential Chinese regulatory crackdown. (<a href=\"https:\/\/au.investing.com\/news\/economy\/inflation-tops-pandemic-as-investor-concern-fed-report-2464039\">Investing.com<\/a>)<\/p><\/blockquote>\n<p>The market is no longer buying the Fed&#8217;s talk of &#8220;transitory&#8221; inflation.<\/p>\n<h2>Fed\u2019s Bullard expects two rate hikes in 2022<\/h2>\n<blockquote><p>St. Louis Federal Reserve Bank President James Bullard on Monday said he expects the Fed to raise interest rates twice in 2022 after it wraps up its bond-buying taper mid-year, though he said if needed the Fed could speed up that timeline to end the taper in the first quarter. \u201cIf inflation is more persistent than we are saying right now, then I think we may have to take a little sooner action in order to keep inflation under control,\u201d Bullard said in an interview on Fox Business Network&#8230;&#8230;Bullard has been among the Fed\u2019s biggest advocates for an earlier end to the Fed\u2019s policy easing, given his worries that inflation may not moderate as quickly or as much as many of his colleagues think it will. (<a href=\"https:\/\/www.reuters.com\/article\/usa-fed-bullard\/update-1-feds-bullard-says-he-sees-two-rate-hikes-in-2022-idUSL1N2RZ139\">Reuters<\/a>)<\/p><\/blockquote>\n<p>The Fed are reluctant to hike interest rates, to rein in inflationary pressures, as it would kill the recovery.<\/p>\n<h2>Producer Price Index<\/h2>\n<p>Producer prices (PPI) climbed more than 22% in the 12 months to October 2021, close to the high from 1974 (23.4%). Consumer prices have diverged from PPI in recent years but such a sharp rise in PPI still poses a threat to the economy.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-10-ppi-cpi.png?resize=525%2C292&#038;ssl=1\" alt=\"Producer Price Index (PPI) &amp; Consumer Price Index (CPI)\" width=\"525\" height=\"292\" \/><\/p>\n<p>Iron and steel prices, up more than 100% year-on-year (YoY), will inevitably lead to price increases for automobiles and consumer durables. Other notable YoY increases in key inputs are construction materials (+30.6%), industrial chemicals (+47.3%), aluminium (+40.7%), and copper (+34.5%).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-10-ppi-commodities.png?resize=525%2C321&#038;ssl=1\" alt=\"Producer Price Index: Commodities\" width=\"525\" height=\"321\" \/><\/p>\n<p>Underlying many of the above price rises is a sharp increase in fuel, related products and power: up 55.7% over the past 12 months.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-10-ppi-fuel.png?resize=525%2C292&#038;ssl=1\" alt=\"Producer Price Index: Fuel &amp; Energy\" width=\"525\" height=\"292\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Inflation is coming, while the Fed are reluctant to hike interest rates. Buy Gold, precious metals, commodities, real estate, and stocks with pricing power &#8212;\u00a0 a strong competitive position which enables them to pass on price increases to their customers &#8212; if you can find them at reasonable prices. Avoid financial assets like bonds and bank term deposits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation tops investor concerns according to Fed report Concerns over higher inflation and tighter monetary policy have become the top concern for market participants, pushing aside the COVID-19 pandemic, the Federal Reserve said on Monday in its latest report on financial stability. &#8230;.Roughly 70% of market participants surveyed by the Fed flagged inflation and tighter &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/10\/inflation-is-coming\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Inflation is coming&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,43,4738,44,13,4813,34],"tags":[5115,5294,5291,815,1352,5292,5295,5293,5290,5296,3329],"class_list":["post-28846","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-commodities-gold-commodities","category-copper","category-crude-oil-natural-gas","category-inflation-economy","category-iron-ore","category-us-canada-countries-regions","tag-aluminium","tag-construction-materials","tag-consumer-price-index-cpi","tag-copper","tag-fed","tag-financial-stability-report","tag-industrial-chemicals","tag-iron-steel","tag-producer-price-index-ppi","tag-rate-hikes","tag-taper"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation is coming - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation is coming - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Inflation tops investor concerns according to Fed report Concerns over higher inflation and tighter monetary policy have become the top concern for market participants, pushing aside the COVID-19 pandemic, the Federal Reserve said on Monday in its latest report on financial stability. &#8230;.Roughly 70% of market participants surveyed by the Fed flagged inflation and tighter &hellip; 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Financial conditions may not be tight enough and sustained high inflation could make the task of bringing inflation down more difficult. Central banks' price and financial stability\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"IMF deputy head Gita Gopinath","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/gita-gopinath-150x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":42536,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/06\/15\/dollar-falls-as-fed-skips\/","url_meta":{"origin":28846,"position":1},"title":"Dollar falls as Fed &#8220;skips&#8221;","author":"Colin Twiggs","date":"June 15, 2023","format":false,"excerpt":"The Fed held rates steady as expected, maintaining the target range for the fed funds rate at 5.0% to 5.25%. A \"Hawkish Skip\" While standing pat, the FOMC maintained a hawkish bias, with the Chairman Powell announcing at the Press Conference: \"....nearly all Committee participants expect that it will be\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"FOMC Economic Projections","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":57818,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/09\/28\/the-large-print-giveth-and-the-small-print-taketh-away\/","url_meta":{"origin":28846,"position":2},"title":"The large print giveth and the small print taketh away","author":"Colin Twiggs","date":"September 28, 2024","format":false,"excerpt":"Good news is usually advertised in large print, while the bad news is often concealed in the fine print of contracts. Similarly, the Fed Chairman held a press conference to announce a 50 basis-point rate cut, while the bad news arrives unheralded. Financial Markets The Fed may have delivered good\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Commercial Bank Reserves at the Fed","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-27-bankreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-27-bankreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-27-bankreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":41346,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/03\/23\/tighter-financial-conditions-may-reduce-rate-hikes\/","url_meta":{"origin":28846,"position":3},"title":"Tighter Financial Conditions May Reduce Rate Hikes","author":"Colin Twiggs","date":"March 23, 2023","format":false,"excerpt":"Fed Chairman Jerome Powell announced a 25 basis point increase in interest rates on Wednesday, with the Fed funds rate target band rising to 4.75% - 5.00%. Hinting that we are near to the peak, with \"ongoing rate increases will be appropriate\" replaced by (emphasis added): The Committee anticipates that\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P Composite 1500 Regional Banks Index ($XPBC)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-22-regionalbanks.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-22-regionalbanks.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-22-regionalbanks.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":56760,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/08\/17\/gold-breaks-through-2500-per-ounce\/","url_meta":{"origin":28846,"position":4},"title":"Gold breakout above $2,500 per ounce","author":"Colin Twiggs","date":"August 17, 2024","format":false,"excerpt":"Gold broke to a new high above $2,500 per ounce, boosted by growing expectations of a September Fed rate cut. Long-term Treasury yields fell, and the Dollar weakened. Stocks lifted, but there are concerning signs of tighter liquidity in financial markets. Low crude oil, base metals, and iron ore prices\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-16-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-16-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-16-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":25727,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/05\/11\/treasury-yields-fall-commodities-soar\/","url_meta":{"origin":28846,"position":5},"title":"Treasury yields fall, commodities soar","author":"Colin Twiggs","date":"May 11, 2021","format":false,"excerpt":"10-Year Treasury yields eased to 1.60% on the back of the weak April jobs report, but anticipation of further Fed easy monetary policy is driving inflation expectations higher. The 10-year breakeven inflation rate climbed to 2.54%, giving a negative real yield of -0.94% (1.60 - 2.54). From Anders Persson at\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/28846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=28846"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/28846\/revisions"}],"predecessor-version":[{"id":34800,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/28846\/revisions\/34800"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=28846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=28846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=28846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}