Discover and read the best of Twitter Threads about #BaseEffects
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While there is still considerable uncertainty over the forecast for #inflation, we think both Core #CPI and #PCE inflation peaked in March and February, respectively, and should move appreciably lower by the end of 2022. 
Throughout the pandemic, strong disposable #income and limited services spending fueled consumer #spending on goods and high goods volumes created #bottlenecks and extreme #inflation.
Eventually, excessively easy #MonetaryPolicy caused this robust #inflation to broaden into less disrupted categories.
