Behind The Markets Podcast: Andrew Okrongly & Ben Clissold
Behind the Markets Podcast
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Is Powell Using Backwards Looking Inflation?
Powell's talking about using sort of backwards looking inflation and sort of forward looking rates. I mean, just like year over years, of course, a ridiculous measure to think about. You know, for automobiles, they, you know, the average person keeps an automobile eight years. When he or she buys a new one, it's priced in 60, 70, 80, 90% higher than they people don't.
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