Inflation increase will harm consumers – Michigan’s Curtin

FXStreet (Mumbai) - The University of Michigan Confidence Survey director Curtin, while speaking to Bloomberg, said an increase in inflation will harm consumers, but also warned that the Fed should be concerned about deflation as well.

Key Quotes

"Disinflationary mindset" now taking hold

Fed needs to be concerned about both sides of inflation

Inflation yardstick now similar to 1950s/1960s

Consumers not concerned about another recession