tequila4kapp said:
As you note, I said inflation was "steady." See the chart you included. Yes, there are monthly variations, but November '24 to the latest reporting is all within a range of approximately .5%. "Steady"
The Fed's mandate is for 2% inflation.
We are significantly above that directive.
And as I noted, the survey of consumer's inflation expectations for the next 12 months by the Conference Board is now up at 6.2%
These are numbers that the Fed and Jerome Powell find most concerning.
These inflationary expectations have been growing and and their "trend" cannot be dismissed.
