◀ The Principal Blog

Posts from the ‘Principal Global Fixed Income’ category

Coming Soon: Inflating Wages and Higher Interest Rates



In October 2015, hourly earnings of all private employees increased at the quickest rate in over six years, rising at a 2.5% rate year-over-year. As the unemployment rate fell over the past two years, nearing the consensus, fully-employed 5% level, many economists and analysts (including myself)…

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Inflation: So When Exactly is Transitory?



Inflation has been running at very low levels all year long as lower energy prices keep working their way through the economy. Headline personal consumption expenditure (PCE) inflation, a measure of the total inflation within an economy, including commodities such as food and energy prices, which…

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