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Well, since January the US CPI rose by 4.4% and there are still 4 months to go (September data is released in two weeks). The Fed target is ~2%. That's before
by puzzlingcaptcha 5y ago
Well, since January the US CPI rose by 4.4% and there are still 4 months to go (September data is released in two weeks). The Fed target is ~2%.
That's before you get into whether the official number is underestimated (e.g homeowner's equivalent rent, which is a quarter of the CPI basket). Is it significant? Maybe, maybe not.