The last time the Chicago PMI prices index was this high was in Feb 1980 – that’s when the Fed Funds rate was 22% as Volcker was waging a nuclear war to push inflation down. Now, however, the Fed sees no inflation.
The Last Time The Chicago PMI Prices Index Was This High, The Fed Funds Rate Was 22% +++ Inflation Is Here NOW!!! +++ Just Look At The Higher Of Gas, Food, Rent & Housing
