@elerianm Mohamed, you must comment on the increased probability of a soft-landing with this data. It's one data point, but we have to at least consider that wages do not have the strong correlation with services inflation as was the case in the '70s.
Same idea with medical care which has been contributing 50-100 bps over the past year. This measure is heavily reliant on surveys (namely insurer's profits with the idea that premiums will flow through to the bottom line) and updated once a year.
Hearing of the three latino representatives holding out on a broader vote until immigration reform is included in the bill is music to my ears. It underscores how important it is to have minority representation in positions of power.
some elements of inflation are here to stay, like the cost of living. it's remarkable to consider both the cost of ownership and renting has taken off over the past year, i would've guessed the increased purchase of homes would lead to a slow down in renting