Happy Tuesday, Blockfolians The Lede Well, the latest CPI numbers are out, and they’re not pretty. Inflation rose 0.9% month over month and 5.4% year over year. This was higher than surveys of economists expected. The Fed, for their part, continues to say that inflation is transitory. The numbers are high yes, but they reflect both base effects (i.e. think about what was happening exactly 1 year ago) and temporary dislocations as demand comes back online.
Inflation Keeps Rising
Inflation Keeps Rising
Inflation Keeps Rising
Happy Tuesday, Blockfolians The Lede Well, the latest CPI numbers are out, and they’re not pretty. Inflation rose 0.9% month over month and 5.4% year over year. This was higher than surveys of economists expected. The Fed, for their part, continues to say that inflation is transitory. The numbers are high yes, but they reflect both base effects (i.e. think about what was happening exactly 1 year ago) and temporary dislocations as demand comes back online.