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Ep. 123: This Month's CPI Report - Inflation Peek-a-Boo
Manage episode 444544878 series 3347271
A tartalmat a Michael Ashton - the Inflation Guy biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Michael Ashton - the Inflation Guy vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
One of the perils of being an analyst (although the Inflation Guy happens to be an investor and trader, and only coincidentally an analyst) is that behavioral biases tend to make us exaggerate the importance of any small collection of data. This appears to be what happened in the summer, when a couple of low CPI prints persuaded the Federal Reserve that the inflation battle was essentially won and it could turn its attention to the developing weakness in the economy.
Peek-a-boo! Over the last couple of months, inflation has come back to just about exactly where it was before the dip during the summer, raising at least the tickle of a question about whether the Fed's 50bps interest rate cut recently could constitute a policy error. In this episode, the Inflation Guy breaks down the data and opines on this topic.
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (September 2024)” (https://inflationguy.blog/2024/10/10/inflation-guys-cpi-summary-september-2024/)
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/ (we may close up subscriptions to this soon)
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