No. of Recommendations: 8
Is someone griping about inflation? Because the Fed's rate increases are finally taking hold and it's down.
So what will happen as rates are lowered?
One month of data is not something I would hang my hat on. And we have no data from October.
Plus, I have suspicions when Trump puts sycophants in charge of data collection. For now, I’ll take it at face value, but it needs to be watched.
Then, there’s this interesting tidbit from today’s NYT:
The shutdown also disrupted data collection for November and economists warned that certain quirks artificially dragged down inflation for that period. For example, all of the November data was collected after the government reopened in mid-November, meaning more of the prices came during “Black Friday” sales than they would in a normal year.
Ahead of the release, Alan Detmeister, a former Fed economist now at UBS, said that the report would be a “very poor reflection of reality.”
Let’s see what happens over the next couple of months.
