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Based on underlying inflation expectations, real interest rates are still above 2%.
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Adding weight to this view were tame numbers on underlying inflation released by the Labor Department today, as well as a drop in a crucial measure of consumer sentiment.
Derivatives are financial contracts whose value is based on underlying assets.
But some of the debts are based on underlying assets and some are not.
Most HCCs develop based on underlying liver diseases.
Each of these constructs is based on underlying beliefs.
With capacity constraints starting to bite, underlying inflation is on the up.
And a variety of other gauges suggest that underlying inflation is on the high side and rising.
Underlying inflation is "quite stable".
Meanwhile, underlying inflation lifted sharply in January.
America's underlying inflation rate is already uncomfortably high.
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CEO of Professional Science Editing for Scientists @ prosciediting.com