2min chapter

Moody's Talks - Inside Economics cover image

CPI, Cars, and Credit Conditions

Moody's Talks - Inside Economics

CHAPTER

The Trends in New and Used Vehicle Prices

The Fed has a 2% target on the Ex-Corg consumer expenditure to flater. But because of measurement issues, CPI is probably about a half a point higher per annum. So I think that's our bogey. We went from 9 to 5. And now we got to go from 5 to 2.5%. The probability of a recession is high. Let me put it that way. Yeah. Okay. With the recessions. yeah. You're still, your instinct is still, we're going to need a recession to get it back in,. pass enough way to satisfy the Federal Reserve Board. That we need a recession? I don't know. But that we

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