Fed's March inflation data

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

⚠ Top 10 Macro/Financial Charts of the Week – w18 (2024) ⚠ *HT @IanShepherdson, @fwred, @RenMacLLC, @OJRenick, @MikeZaccardi, @jessefelder #Employment #Inflation #Fed #China #HK #Dollar #Forecasts www.christophe-barraud.com/top-10-macro-financial-charts-of-the-week-w18-2024/

Struggling forecasters and wavering Wall Street: The US economy is full of uncertainty. Watch #MRCBG's @jasonfurman via @YahooFinance, as he unravels the future of Fed rate cuts and sheds light on the health of our economy www.youtube.com/watch?v=AN7XNzy8GpI

Instead of focusing on the ISM Services Index plunging into #recession territory, with pronounced weakness in employment, investors focused on the surging prices paid component. They missed the point that #recession will prevent the #Fed from raising rates to fight #inflation.