Mac1958
Diamond Member
Current is at 0.3%, forecasts are about 0.3%. Hopefully after this report and next month's report, increased costs will have worked their way through the system and we'll have a clear picture.
I suspect, based on what Bessent has been saying, that we're going to see the long term "target" inflation rate raised from 2.0% to 3.0%. Bessent wants to run this thing hot, so that would be higher growth and higher associated inflation. The Fed is shifting from focusing on jobs and not inflation.
It's been a long time since we did that. Could work.
I suspect, based on what Bessent has been saying, that we're going to see the long term "target" inflation rate raised from 2.0% to 3.0%. Bessent wants to run this thing hot, so that would be higher growth and higher associated inflation. The Fed is shifting from focusing on jobs and not inflation.
It's been a long time since we did that. Could work.
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