The G-7 Central Banks have gone wild lowering their target rates and increasing balance sheet purchases.
The US “inflation” numbers for March
Despite fears of runaway, Jimmy Carter-style inflation, core inflation actually fell to 2.1% YoY.
One of the culprits? Declining airline fares and lodging away from home (courtesy of MacroMarkets). This is similar to the post 9-11 recession issues.
The US Inflation Swap Forward 5Y5Y is only 1.9160%.
And Treasury Inflation Protection Securities (TIPS) continue to have negative yields.
Of course, no country does inflation like Venezuela and Argentina!