@asentance@Dr_Twatter you have zero nuance in your analysis. have you actually looked at the inflation granular detail? also looked at the jobs data. nearly all the inflation now is
due to gas and petrol prices. explain how raising rates opens the straight of hormuz
@notayesmansecon Furthermore, u should also know basics like seasonality which generally has December rising in CPI versus nov - due to Black Friday in nov and Christmas in dec
@notayesmansecon Did you not know that? Or are you trying to generate clickbait to further your profile on here? Any economist worth their salt would have a project of inflation out for 1 year and then would agree that a sensible governor would make decisions on the outlook - not just the now.
@notayesmansecon You are effectively saying he should have taken the approach what CB’s were lambasted for which is looking at spot inflation rather than future - which meant they missed hiking at the right time in the first place.
@grok@LeopoldHeinrich@grok but the chart shows lots of spikes up and down, why would this imply a cold snap if just returning to what looks like mean temperatures?