Bruce Kasman is joined by Joseph Lupton discussing how Inflation continues to run much hotter than already heightened expectations, this week from a blistering US CPI report for January. Gone is the word “transitory,” but there is a growing sense that the strong readings have more signal of a much tighter global economy that requires much more rapid normalization. March meetings are unlikely to surprise much but beyond that, the path look set to steepen notably.

This podcast was recorded on February 11, 2022.

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