2 ms·
"Transitory" is a deceptively clever phrase. It implies the situation will go back to normal, or even reverse. Truthfully, it just means the increased rate of c
by BitwiseFool 5y ago
"Transitory" is a deceptively clever phrase. It implies the situation will go back to normal, or even reverse. Truthfully, it just means the increased rate of change in inflation is expected to decrease. Reminds me of a second derivative.
- dlp211 5y agoInflation is a rate. If the rate is transitory, who is being deceptive?
- BitwiseFool 5y agoIt's the rate of the rate of change that transitory is referring to. The average person, I suspect, isn't thinking about it in these terms.