A set of largely unconnected comments on recent events. None of them necessitate long form treatment. On the macro side, the weaker-than-expected CPI print was obviously the main news. The housing component of the CPI is constructed with a lag, and is one of the perkiest in terms of rising. It will keep core CPI elevated for some time, but since everyone knows about the lag, that will probably be looked through.
Random Comments 2022-11-11
Random Comments 2022-11-11
Random Comments 2022-11-11
A set of largely unconnected comments on recent events. None of them necessitate long form treatment. On the macro side, the weaker-than-expected CPI print was obviously the main news. The housing component of the CPI is constructed with a lag, and is one of the perkiest in terms of rising. It will keep core CPI elevated for some time, but since everyone knows about the lag, that will probably be looked through.