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Paul Krugman@pkrugman.bsky.social |
Is there really a last mile in inflation? Using Cleveland Fed nowcasts, here’s the picture for core PCE; bear in mind that lagged shelter is still exaggerating the numbers. That bump early this year looks like an aberration.
3 replies 7 reposts 62 likes
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noob tim
@noobtim.bsky.social
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You've been saying lagged shelter is exaggerating the numbers for like 2 years
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kapitaali.com
@kapitaali.bsky.social
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the indicator is there, it's quite clear about what's gonna happen next
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@fgw.bsky.social
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Not sure how you extrapolate much of anything from those plots, guess that’s why I‘ll never win the prize. Unfortunate there is so little public push to lower rates, we could use some animal spirits before November
0 replies 0 reposts 1 likes