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Neil Dutta and Conor Sen on the Chances of a US Soft Landing
Odd Lots
The Real Signal Is From Non-Shelter Component of Core PC, Right?
The non-shelter component of core PC is like still hot. That's an important channel for how the labor markets affect inflation. The Fed can be right back where they were in June and July talking about, well, gas prices are back up,. Short run inflation expectations are high, and that could mean something for wage inflation.
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