What’s the Story With Inflation?

The gold price, the oil price, and the CRB index of commodity prices are starting to rise again. To borrow a phrase from Chairman Jerome Powell: this progress may be “transitory.”

Inflation Has Fallen Fast

The bad news is that, as our senior fellow EJ Antoni points out, real wages and earnings are still down roughly 5% since Biden came into office and passed his $2 trillion spending bill.

Real Worker Earnings Down

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