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post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:*FED'S KASHKARI: NEED TO PAY MORE ATTENTION TO ACTUAL INFLATION post: KASHKARI: HOUSING MKT HAS BEEN MUCH MORE RESILIENT THAN I WOULD HAVE EXPECTED KASHKARI: VERY FOCUSED ON HOUSING AREA RIGHT NOW post: FED'S KASHKARI: THE BIG QUESTION MARK NOW IS, HOW RESTRICTIVE IS POLICY RIGHT NOW? post: KASHKARI: WE PROBABLY NEED TO SIT HERE FOR A WHILE LONGER TO FIGURE OUT WHERE INFLATION IS HEADED
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The CPI for April came in pretty close to expectations. CPI came in at 0.31% m/m, and 0.29% on core, versus a priori expectations for 0.37% and 0.30%. This relative accuracy does not necessarily mean that economists now know exactly what is going on in this index, only that all of the misses canceled out. But the misses are interesting, and worth looking ...
Sessions