Core Inflation Soars as Retail Sales Weaken

Core Inflation Soars as Retail Sales Weaken
People shop at a supermarket in Montebello, Calif., on Aug. 23, 2022. Frederic J. Brown/AFP/Getty Images
Daniel Lacalle
Updated:
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Commentary

For the first time in decades, central banks are tightening their monetary policy while governments are continuing to spend money as if nothing has changed. Large enterprises aren’t harmed by the most recent rate increases as long as credit conditions are still lax.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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