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by harambae
1318 days ago
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It won't necessary reduce the price of food or gas much (some nominal decrease from "discretionary," or non-essential, spending on both). It will bring down housing, which is 1/3 of the CPI by weight and helps get the Fed's inflation metrics down. (Just as an example, it won't make as much sense to leverage up and buy 5 Airbnb's at higher interest rates.) |
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