Discover and read the best of Twitter Threads about #inflationnow
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Did the #ransomware attack at @HaverAnalytics result in an inadvertent #FOMC projection error?
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1/5
#FOMC presser (12/14) contained a statement by #Powell that seemed at odds with incoming data
- #Powell said âweâre going into next year with higher inflationâ vs Sept FOMC
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1/5
#FOMC presser (12/14) contained a statement by #Powell that seemed at odds with incoming data
- #Powell said âweâre going into next year with higher inflationâ vs Sept FOMC
2/5
As their SEP (survey of economic projections) shows:
- â22 raised 4.8% vs 4.5%
- this raised 2023 inflation
- and added to âhigher for longerâ
As their SEP (survey of economic projections) shows:
- â22 raised 4.8% vs 4.5%
- this raised 2023 inflation
- and added to âhigher for longerâ
3/5
But here is what is at âoddsâ
- the MoM% chg in inflation
- would have to be staggeringly high to get to #Fed 4.8%
But here is what is at âoddsâ
- the MoM% chg in inflation
- would have to be staggeringly high to get to #Fed 4.8%
