News about inflation

The NY Fed's measure of inflation persistence (the "multivariate core trend" rate) saw a big upward revision in Q1 This series has been prone to some large revisions Jan is now +3.3% (vs prev 3%) Feb: +3.1% (vs 2.7%) Mar: +2.9 (vs 2.6%) April was 2.8% www.newyorkfed.org/research/policy/mct#--:mct-inflation:trend-inflation pic.twitter.com/9nCCsqNY9q

The @NewYorkFed Multivariate Core Trend of PCE #inflation eased to 2.8% in April (from upwardly revised 2.9% in March). Further evidence that disinflation trend is still in place after some temp heat in early 2024 www.newyorkfed.org/research/policy/mct#--:mct-inflation:trend-inflation pic.twitter.com/2nS31u66zs

From @AaronBack's article in the @WSJ, " The Fed Might Soon Have to Worry About More Than Just #Inflation: As evidence mounts that the #economy is slowing, pressure to lower rates could build." IMO, the key question is, increasingly, less of whether and more of timing/magnitude.… pic.twitter.com/VcAOCmoVqa

Since 2019, the US has experienced unstable money, with the money supply fluctuating wildly. To hit its 2% inflation target, the Fed should keep its eye on the money supply, and allow it to grow at ~5-6% per year growth. The Fed = FLYING BLIND. My interview on @davidlin_TV: pic.twitter.com/4Z4xgBueVZ