3 ms·
two tenths of a percent decline is barely a remarkable, let alone laudable achievement. This might be a sobering sentiment but US inflation is still out of con
by nimbius 4y ago
two tenths of a percent decline is barely a remarkable, let alone laudable achievement.
This might be a sobering sentiment but US inflation is still out of control. ideal inflation is 2% and policy handbrakes like increases in the prime rate are too little too late as we should have sought percentage point increases a year ago as opposed to the fractional increments we saw last november. Arguably the half-percent model of increase was a dismal failure even when it was rolled out four months early in March to market and all we're left with is chest-thumping from the federal reserve each time it undertakes a half-percent increase and razes the castle of free money it built up over a decade in response to the 2008 collapse.
- deleted 4y ago[deleted]
- Retric 4y agoThis inflation concern is interesting in light of recent statements: “In August 2020, after undershooting its 2% inflation target for years, the Fed announced it would be allowing inflation to temporarily rise higher, in order to target an average of 2% over the longer term.” https://en.wikipedia.org/wiki/History_of_monetary_policy_in_the_United_States https://en.wikipedia.org/wiki/History_of_monetary_policy_in_... Anyway, these numbers are appropriately 4 to 5% closer to the target than expected assuming they can be calculated this precisely it’s a meaningful difference.
- bryanlarsen 4y agoMonth over Month inflation was 0.1%, AKA 1.2% annualized. That sounds pretty close to the ideal inflation of 2% to me.