Evolving, “L”-Shaped Economic Recovery Confirmed by Latest,
Consistent Reporting of New Claims for Unemployment Insurance

August 2020 CPI and PPI Core Inflation Continued to Spike

Record Annual Money Supply Growth Foreshadows Higher Inflation

While Record Money Growth Appears to Be Topping, the Leading-Relationship
Federal Reserve Monetary Base Annual Growth Is Surging Anew

Pending FOMC Could Look to Accelerate Already Record
Money Supply Growth and the Pickup in Core Inflation

Broader Money Measures Should Resume Annual Expansion in
September/October With Inflation Accelerating Sharply in Early 2021