E.J. Antoni: CLV Fed data shows shift to positive CPI points to rising prices

E.J. Antoni: CLV Fed data shows shift to positive CPI points to rising prices
CLV Fed data signals rising prices

E.J. Antoni highlights that the Cleveland Federal Reserve's month-over-month CPI change has moved from negative to positive. This suggests that deflation has ended and price levels are increasing again.

Antoni recently observed that ADP private payroll growth slowed to an average of 19,750 per week for the period ending June 27. He also reported that U.S. debt climbed to $39.66 trillion with Treasury yields at yearly highs. These data points come as fresh figures from the Cleveland Fed indicate an end to the recent period of deflation.

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