Global Growth and Inflation Accelerating Before Any Trump Policies in Play.
1.Inflation…Global Citigroup Inflation Surprise Index is Highest in 5 Years.
Inflation across the world is beating analysts’ forecasts even before the potential effect from Donald Trump’s economic policies. The global Citi Inflation Surprise Index, which measures price surprises relative to market expectations, is at the highest in more than five years. The reading turned positive in December — meaning inflation data were higher than expected — for the first time since 2012.
Thanks to Dave Lutz at Jones for Chart.