It's all relative chart! #Employment in the US is still significantly below the pre-#COVID level, contrary to some other countries. chart via @ShaneOliverAMP
Fed yesterday in justifying a few more years of easy money: "inflation is running persistently below 2%."
Average Core CPI last 5, 10, & 20 years: 2.0%.
10-Year Inflation Expectations: 2.41%, highest since 2013.
1-Year inflation expectations (survey of US consumers): 3.09%.