3 ms·

> So... are the "it's transient" people owed an apology? no, they claimed inflation would abate without Fed intervention important to remember that the inflat

> So... are the "it's transient" people owed an apology? no, they claimed inflation would abate without Fed intervention important to remember that the inflation rate is still more than 2x what the Fed deems acceptable, a victory lap may be premature

roflyear 4y ago
Where did anyone claim that? That's a pretty big rewriting (in my view) of history, so please back it up!
pc86 4y ago
Monthly numbers are in the 1-2% range, so no current inflation isn't above the Fed's "acceptable" inflation rate, it just isn't measured on a small enough scale for this release to talk about it.
- dragonwriter 4y ago
  > Monthly numbers are in the 1-2% rang 2.5%-7.5% annualized for recent months, using the Fed’s preferred measure (PCE, not CPI)
Dylan16807 4y ago
> important to remember that the inflation rate is still more than 2x what the Fed deems acceptable, a victory lap may be premature Only because of the 3 most distant months of the 12 month moving average. Those 3 months were 3% by themselves (not annualized), and the last 9 months have been 2% (not annualized). Unless rates spike, inflation is going to drop below 3% in June. And it would take a ridiculous swing for it to not drop below 4% in June.
ajross 4y ago
> no, they claimed That's sort of meaningless without an antecedent for "they". What I'm referring to is the chorus of voices (heard very loudly here on HN) that claimed that the 2022-23 inflation burst was the inevitable results of government money printing out of control, and that that it was unresolvable absent large-but-largely-not-identified cuts in out of control deficit spending. Now, everyone wants to pretend that the fed rate hike did it all and that no one was ever talking about financial policy? Meh. Inflation reducer go brrr... I guess.

3 ms·

> So... are the "it's transient" people owed an apology? no, they claimed inflation would abate without Fed intervention important to remember that the inflat

by 0zemp1c 4y ago

roflyear 4y ago
Where did anyone claim that? That's a pretty big rewriting (in my view) of history, so please back it up!
pc86 4y ago
Monthly numbers are in the 1-2% range, so no current inflation isn't above the Fed's "acceptable" inflation rate, it just isn't measured on a small enough scale for this release to talk about it.
- dragonwriter 4y ago
  > Monthly numbers are in the 1-2% rang 2.5%-7.5% annualized for recent months, using the Fed’s preferred measure (PCE, not CPI)
Dylan16807 4y ago
> important to remember that the inflation rate is still more than 2x what the Fed deems acceptable, a victory lap may be premature Only because of the 3 most distant months of the 12 month moving average. Those 3 months were 3% by themselves (not annualized), and the last 9 months have been 2% (not annualized). Unless rates spike, inflation is going to drop below 3% in June. And it would take a ridiculous swing for it to not drop below 4% in June.
ajross 4y ago
> no, they claimed That's sort of meaningless without an antecedent for "they". What I'm referring to is the chorus of voices (heard very loudly here on HN) that claimed that the 2022-23 inflation burst was the inevitable results of government money printing out of control, and that that it was unresolvable absent large-but-largely-not-identified cuts in out of control deficit spending. Now, everyone wants to pretend that the fed rate hike did it all and that no one was ever talking about financial policy? Meh. Inflation reducer go brrr... I guess.