1/3
The US has the highest core inflation rate in the developed world (thick black line, top panel).
And as the bottom panel shows, it is rare for the US to be #1 on this metric. And the US has been since early 2021, when the stimulus plan was passed.
The US has the highest core inflation rate in the developed world (thick black line, top panel).
And as the bottom panel shows, it is rare for the US to be #1 on this metric. And the US has been since early 2021, when the stimulus plan was passed.
2/3
Now before we get the usual rationalizations about supply chains and war, remember every country has this issue.
So, why did the US have the highest inflation? The SF Fed answered it, we stimulated more than anyone else, and it added 3% to CPI.
frbsf.org
Now before we get the usual rationalizations about supply chains and war, remember every country has this issue.
So, why did the US have the highest inflation? The SF Fed answered it, we stimulated more than anyone else, and it added 3% to CPI.
frbsf.org
3/3
This stuff is not hard to understand, unless youβre a Fed or Administration official contorting yourself like a twister world champion to deflect.
advisorhub.com
This stuff is not hard to understand, unless youβre a Fed or Administration official contorting yourself like a twister world champion to deflect.
advisorhub.com
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