Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative
Macro Musings with David Beckworth
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The Fed's Predictions for Core Inflation
The Fed has raised rates quite a bit, 500 basis points likely to do some more going forward. We think we see its effect on housing, but like services seem pretty stubborn in terms of the inflation there. And so I think the Fed is waiting and also eager to really push core inflation down. So we're seeing progress on the inflation front, which is great from the consumer's perspective. But the underlying part that the Fed should be managing, it's having a hard time doing that.
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