@NickTimiraos Neutral? Look at this participation rate. Labor supply is totally devasted in the US. Certainly will weigh on their assumptions regarding latent variables. Another month with participation trading lower. Terrible for the FED.
@bencasselman Stop with that. If we had many job data with mixed signals, it would be worth paying attention to. It is not the case. Moreover, the survey questions changed this month. Now, you can can not even compare month-to-month HH's.
https://t.co/y9TyVtRGrE
@BobEUnlimited The dove's view would be: "shelter is lag and is going down; medical care serv. too. Only that is +40% of your CPI. So, it makes sense. 2023's CPI is only the 2021's 'real inflation'."