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by adam_arthur
1180 days ago
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Core CPI is above 5% by many measures (annualized using recent months numbers). Median CPI, which removes outliers, was 0.6% MoM last month. https://www.clevelandfed.org/indicators-and-data/median-cpi That being said, I don't think the effect of the funds rate will be felt linearly like most academic models assume, and don't think funds rate has to be above CPI to be restrictive. |
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