Cents and Sensibility: the Inflation Guy Podcast
Business:Investing
In this, the monthly analysis of the CPI report, the Inflation Guy homes in on a couple of reasons that core inflation is staying high, despite widespread forecasts that it should be decelerating more quickly:
There are some positive signs in the data, but even as inflation declines slowly on base effects there are few signs that core inflation is dropping below the 5% or so level it has been around for the last few years. A Fed on hold seems appropriate.
Reference: "How Much Do Labor Costs Drive Inflation", Economic Letter, San Francisco Federal Reserve
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