Powell Uses 1970s Inflation Spiral to Show How “Temporary” Becomes Persistent, as Fed’s Lowball Inflation Measure “Core PCE” Jumps Most since 1991

by Wolf Richter • Aug 27, 2021 • 101 Comments

His “taper” discussion — tapering starts this year — got all the attention, but his focus was on inflation.

The extra $300 a week in federal unemployment benefits, on top of state UI, were designed to give people enough money to pay rent.

Soaring home prices have become a thorny political issue for Korea’s government, facing a frustrated and angry middle class.

The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.

Leaving Big Holes in CMBS as mega-landlords, such as Bookfield and Westfield’s owners, walk away.

Formerly temporary, now persistent work-from-home turns into slow-motion nightmare for office landlords.

“Normalization” or “deceleration,” as this phenomenon is called, is setting in.

The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.

In California, sales at cannabis retailers hit $5.1 billion over the past 12 months.

The housing insanity “softens.”

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