Something appears to be changing beneath the surface of U.S. inflation, and TS Lombard argues the shift is becoming structural rather than cyclical.
While headline inflation continues to fluctuate with energy and commodity prices, the report contends the more important development is the persistence of core services inflation near 3%, even after one of the most aggressive Federal Reserve tightening cycles in decades. The implication is straightforward: the inflation regime that defined the post-2008 era may no longer apply. Or as we asserted in 2023, it no longer applies at all.
READ MORE: https://www.zerohedge.com/news/2026-05-14/why-us-inflation-going-keep-climbing-higher
