There is talk around the Fed that the recent pickup in inflation is due to one-time skews but Lacker says he doesn’t think the past few months of data are entirely noise. Of course, he’s a hawk so that’s something he would say.
The mini-Carney comments from Bullard are getting some of the blame for the drop in the equities but that doesn’t make sense given the weakness in USD/JPY and falling Treasury yields.
