These statements about transitory inflation are bs, it is INFLATION!

Yeh well, I would not characterize that anticipated June rate cut coming up anytime soon either.

I didn’t anticipate it. As I have been saying for some time now, I don’t anticipate any rate cuts this year.

Foe the record, the Fed should have been cutting rates.
 
I didn’t anticipate it. As I have been saying for some time now, I don’t anticipate any rate cuts this year.

Foe the record, the Fed should have been cutting rates.

Yeh. I know it is part of your kabuki dance: "I don't think there is any problem with inflation but no way do I expect those rate cuts." Heh. Maybe it's because of that inflation that everyone else sees.

Also 3% is the new 2% as the goalpost keeps getting moved.

More to come. And there has been plenty already.
 
Yeh. I know it is part of your kabuki dance: "I don't think there is any problem with inflation but no way do I expect those rate cuts." Heh. Maybe it's because of that inflation that everyone else sees.

Also 3% is the new 2% as the goalpost keeps getting moved.

More to come. And there has been plenty already.

You’re quibbling. I don’t expect rate cuts because the job market is so hot. The only problem inside of cpi is really housing.
 
Yup. Other than gas, housing, and food everything is groovy in the economy.

And don't quibble me back into headline versus core and and that jive.

That's beltway talk. Not main street voters.
 


Car insurance (up 22%) and car repair.

Goods deflation is back.
Here is the Commodity Index
This movement will show up in goods over the next quarter
...but remember its only transitory..It will only last one Biden term

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