July CPI landed today. 3.4% headline, 2.5% core. Markets moved. The Fed was watching. That's the whole story, if you stop reading here.
We didn't. Two thirds of the monthly move came from one category, measured with a hypothetical rent nobody has ever actually paid. 40 years of quiet choices sit behind that number, and real people are the ones who cover the difference.
New episode of The Overlap is up. 🧮🏚️
#CPI #Inflation #TheOverlap
We didn't. Two thirds of the monthly move came from one category, measured with a hypothetical rent nobody has ever actually paid. 40 years of quiet choices sit behind that number, and real people are the ones who cover the difference.
New episode of The Overlap is up. 🧮🏚️
#CPI #Inflation #TheOverlap