A Wall Street expert lays out the exact scenario that could cause the stock market's next big meltdown
— the chief investment officer at Research Affiliates — recently sounded the alarm on this exceptionally low period of inflation, referring to the phenomenon as "the hidden risk longer term" and not "normal."
"The Cleveland Federal Reserve's 'Trimmed Consumer Price Index' — a measure of consumer inflation that attempts to remove volatile items which may distort the true inflation picture — continued to rise during 2019 and is currently at its highest level since early 2012," he said.
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