The median FOMC projection is for 2.8% core PCE inflation in 2024 (Q4/Q4). Will require inflation to fall from the 3.2% annual rate over the last 6 months to a 2.4% annual rate (monthly prints of 0.20%). Reasonable to expect slowing but I would still be a touch nervous. pic.twitter.com/1xvKPM5OFo

Measured on a comparable basis (which mostly means excluding shelter in the United States), inflation over the last 12 months was 2.6% in the euro area and 2.0% in the United States. pic.twitter.com/dE4lkD74xW

Increases over last 4 years... CPI Medical Care: +8.9% CPI Apparel: +15.6% US Wages: +17.1% CPI Food at home: +20.5% CPI New Cars: +20.9% CPI Shelter: +22.6% CPI Food away from home: +25.8% CPI Used Cars: +31.1% CPI Electricity: +31.6% CPI Gas Utilities: +32.8% CPI…

The US Inflation Rate has now been above 3% for 38 consecutive months, the longest period of high inflation since the late 1980s/early 1990s. bilello.blog/newsletter pic.twitter.com/HpRXmI24aU