How inflation can re-emerge

[Scataphagos]

The guy that came to my house to service my hot water heater drove up in a brand new F150 Raptor, spent much longer on his iPhone 15 pro than he did on my water heater, complained about getting dirt on his Carhartt and directed me to pay him in eth...

If you think "this" labor force will be accepting lower salary anytime soon, you are sadly mistaken. But yea..they are jawboning about inflation being under control and prices falling inorder to add window dressing to the upcoming election.

People are getting much higher wages thanks to the inflation. It's baked into the cake unless there is a recession which is severe enough to get people to ask less for their services as an alternative to not having work at all.

In the past, the Fed feared a "wage and price spiral". I think that's what we have now. The Fed will continue to pussy-foot around until it becomes a crisis.

 

[blueraincap]

Can someone try some of the approaches here and post the summary?

• https://www.brookings.edu/wp-content/uploads/2019/02/Big-Data-in-the-U.S.-Consumer-Price-Index.pdf
  
• https://www.bis.org/ifc/publ/ifcb57_18.pdf
  
• https://www.sciencedirect.com/science/article/pii/S2405844023079380
  
• https://www.bankofengland.co.uk/-/m...ced-analytics-conference-benchimol-slides.pdf