The Second Mandate

(1) Inflation is below Fed’s target. (2) Core PCED inflation at record low. (3) Bernanke says low inflation is not good. (4) CPI’s critics say it understates inflation. (5) Weak global growth depressing CPI inflation in advanced economies. (6) Is inflation only a monetary phenomenon? (7) Maybe the Fed isn’t the only inflation game in town. (8) Good vs. bad deflation. (9) Disinflation in medical care, used cars, furniture, and airline fares. (10) Tenant rent inflation rising. (11) Focus on market-weight-rated IT.