Jun 02, 2021 Guest(s): Bill Baruch President, Blue Line Futures
Spikes in commodity prices, as well as used cars and trucks, are likely to remain transitory said Bill Baruch, adding that the Federal Reserve was right about inflation projections.
"Inflation really is not a concern for me. Here's the thing, where inflation matters right now, we already see it. Look at lumber prices, and look at chip shortages. It's supply chain related," Baruch told David Lin, anchor for Kitco News. "When it comes to the Fed's metrics, we're not really seeing the inflation, and that gives them better reason to stay patient."
In fact, Baruch said that he wouldn't be surprised to see a deflationary environment a few months from now.