News about inflation

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

"If you want to know the trouble with a balanced outlook, ask a tightrope walker." The opening sentence to James Mackintosh's article in today's @WSJ on the #FederalReserve. #economy #markets #centralbanks #Fed #econtwitter @jmackin2

Central banks continue to feature heavily in the weekly look ahead for the economy and markets, including: Policy meetings in the UK, Australia, Brazil, Malaysia, Mexico, Peru, Sweden, and elsewhere; and Lots of scheduled remarks from #FederalReserve and @ECB officials. Also,…

The Fed's general intuitions -- not getting overly excited about the disinflation of the second half of 2023, and then also not getting overly excited about the warming in Q1 2024 -- not looking too bad.