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Fed Will Hike Rates Into Economic Train Wreck | Danielle DiMartino Booth
Forward Guidance
The Reversal of Core Inflation
core inflation is still running at 4% or 5% if you are on an annual basis, I think around 5%. So that's not including energy. We had this big pop in January and February in Manheim. Autodealerships were anticipating a very robust individual income tax refund season that never manifested. They went hauling into auctions, overpaying for cars,. That flows through to the CPI with a two-month lag.
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