April 16, 2018 MM Drivers Inflation TRIGGER$ April 2018 MATASII INFLATION WATCH The issue is that aggressive rate hikes might be the driver that ensures the recession! PCE: 1.8% CPI 2.4% Core PCE 2.8% (Fed Target 2%) UIG 3.14 ShadowStats (1990 Benchmark) 6.0% ShadowStats (1980 Benchmark) 10.0% PCE CPI UIG SHADOWSTATS - 1990 BASIS SHADOWSTATS - 1980 BASIS