Prices spike to record. Consumers, struggling with affordability, switch from new to used.
New York condo prices fell again. Historic spikes slow in Seattle and other metros.
Because “outsized deviations of inflation from its target are a plausible outcome.”
Core CPI jumps the most since 2008.
As “affordability challenges” hit new vehicles, consumers switch to used, prices spike to record, inflation psychology sets in.
A $1-trillion job.
At least one of them is very wrong: Atlanta Fed GDPNow v. New York Fed Nowcast.
How the “Yield Curves” Stack Up in central-bank manipulated bond markets.
We already know who.