Some Nuanced Thoughts on a Really Big Number
>More difficult is that core services—the item that the Fed has the most control over—only represents 3% of current inflation.
This was interesting to me. Why is core services more under their control than core goods?
Thanks for providing additional granularity into inflation's disposition. I envision continued rate hikes and potential ad hoc austerity to curtail the slope.
No doubt it will make the Federal Reserve go for a substantial rate hike. It makes a recession more likely.
>More difficult is that core services—the item that the Fed has the most control over—only represents 3% of current inflation.
This was interesting to me. Why is core services more under their control than core goods?
Thanks for providing additional granularity into inflation's disposition. I envision continued rate hikes and potential ad hoc austerity to curtail the slope.
No doubt it will make the Federal Reserve go for a substantial rate hike. It makes a recession more likely.