Two reasons U.S. inflation is being pinned down: 1) Demographics - millennial's can't make up for baby boomers' decline in retirement spending. 2) Price transparency with enhanced competition - stiff online competition is empowering consumers.
The Fed's efforts to stoke low inflation have been futile. Will expanding the budget deficit of around $1 trillion help bolster inflation? Blu Putnam, Chief Economist at CME Group, explains.
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