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Kent's avatar

Have you seen this NY Fed measure of underlying inflation? Does the Fed want pain in the labor market more than 2% inflation? June's CPI less food, energy, & shelter was 0.0%.

Also, historically, why does inflation tend to fall as fast as it rose in periods of high inflation in the US? And how often does high inflation over-correct to <0% inflation?

https://fredblog.stlouisfed.org/2023/06/gauging-underlying-inflation/?utm_medium=email&utm_campaign=FRED%20Data%20News%200723&utm_content=FRED%20Data%20News%200723+CID_c01bdde6694b08b4a697b0eaff84f423&utm_source=Research%20newsletter&utm_term=here

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Ziggy's avatar

Did Brad just say that the US has no autochthonous ethnic group that would support a "blood-and-soil" state? Uh, what about wipipo? Whiteness assimilates what it needs, and castes [sic] the rest aside.

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