In 2021 many stories about inflation due to idiosyncratic factors like used cars. There was some truth to that. In 2024 many stories about idiosyncratic factors like insurance. Much less truth. The evidence: dropping all outliers lowered inflation a lot in 2021 but not now. pic.twitter.com/PvDJbif5HP

As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and context may end up being appropriate...though not for the reasons he put forward. www.ft.com/content/aa8c68f7-9dad-465f-ab92-c64c38337a84 #economy @FT #markets #inflation

🇺🇸 #FED BOWMAN REPEATS WILLING TO HIKE IF INFLATION STALLS, REVERSES - BBG *BOWMAN: STILL SEE A NUMBER OF UPSIDE INFLATION RISKS *BOWMAN: STILL EXPECT #INFLATION WILL FALL WITH RATES HELD STEADY

🇺🇸 #Fed Flags Lack of #Inflation Progress But Signals Hikes Unlikely - Bloomberg www.bloomberg.com/news/articles/2024-05-01/fed-cites-lack-of-progress-on-inflation-holds-rates-steady?sref=ZVajCYcV pic.twitter.com/2HYADgXiSq