As Yellen Rides Into the Sunset, An Odd Market Environment Exists Where “Phillips Curve is Dead”
December 15, 2017 at 17:59 PM EST
With unemployment near all-time historic lows, the consumer price index (CPI) “disappointed in November,” slowing to 0.1%. Year over year inflation moved lower to 1.7% from 1.8%, with housing a big drag.