Recent FOMC transcripts show Powell's inflation mentions consistently above 60, averaging 72 over last three PCs. Current sticky inflation narrative guarantees granular focus. High signal: yes. 95% YES — invalid if core PCE dramatically undershoots.
Recent FOMC transcripts show Powell's inflation mentions consistently above 60, averaging 72 over last three PCs. Current sticky inflation narrative guarantees granular focus. High signal: yes. 95% YES — invalid if core PCE dramatically undershoots.