7 ms·

Just as the transient inflation camp emptied...

• evrydayhustling 4y ago
  I'm not sure there's a transient inflation camp to go back to - the cornerstone there was the idea that inflation could correct without big impacts on capital market, real economy, or fed policy. All of those ships have sailed. The upshot is it should be possible to discuss when inflation will slow down without being a denialist.
• partiallypro 4y ago
  It wouldn't be transient though...it's been 1.5 years and prices aren't going down, they are just rising at a slower pace. I don't view that as "transitory." The transitory camp thought it would be a few months, it's been almost 2 years of relentless price hikes.
• m0llusk 4y ago
  Because much of the inflation, especially that which hurt consumers most, was transient. That is clearly shown by how gas prices are dropping faster than ever before.
  • _-david-_ 4y ago
    Why don't you look at something other than gas? Believe it or not but people need to eat food for example. Also, the gas prices are still significantly higher than they were a few years ago so dropping isn't really a big deal until it becomes affordable again. Lastly, one reason the price is dropping is due to releasing the reserves. When that stops (and it will have to eventually) the price will increase again.