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
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Paul Krugman
paulkrugman
My take from recent economic data is this: nothing. Inflation probably isn’t taking off; growth probably isn’t stalling; probably still on a glide path to a soft landing, although maybe a little slower than hoped. pic.twitter.com/3YX0Oc3UyQ
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Mohamed A. El-Erian
elerianm
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,…