Look Out Below! Here Comes The Fed’s Tight Money Conga Line

This is just plain pathetic. The red line in the chart below shows the recent parabolic rise of the inflation rate in the eurozone. By contrast, the blue dotted line represents the ECB’s wisdom from just three months ago about where inflation was headed, while the solid blue line reflects its current wishful thinking. To wit, that inflation will be back in the sacred 2.00% box by next year.

We’d say, good luck with that!