Sign in Subscribe
dismal-jellyfish

dismal-jellyfish

Inflation Alert! The Fed's favorite tool for measuring inflation “core PCE” price index, which excludes food and energy jumped another 0.5% in Jan from Dec, and 5.2% the last year the worst inflation spike since April 1983.

According to data today from the Bureau of Economic Analysis, the “core PCE” price index, which excludes food and energy, jumped another 0.5% in January from December, and by 5.2% year-over-year, the worst inflation spike since 1983. Remember, JPow states the Fed's target is 2% inflation.
dismal-jellyfish 📰 News

Inflation Alert! You have got to be kidding me! Governor Christopher J. Waller: As for what inflation does next, I think anyone who makes a forecast has to own the fact that very few of us foresaw how much inflation would increase in 2021.

Source On Inflation As for what inflation does next, I think anyone who makes a forecast has to own the fact that very few of us foresaw how much inflation would increase in 2021. We underestimated the extent to which supply constraints—from bottlenecks to labor supply shortages—and strong
dismal-jellyfish 📰 News