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  • Mester: Oct CPI Report Suggests Some Easing In Overall And Core Inflation

    Fed’s Mester: October CPI Report Suggests Some Easing In Overall And Core Inflation
    - Given The Level And Persistence Of Inflation, Journey Back To 2% Inflation Will Likely Take Some Time
    - Expect Real GDP Growth To Be Well Below Trend This Year And Next Year

    — LiveSquawk (@LiveSquawk) November 10, 2022
Added at 12:31pm
  • Fed’s Mester: Currently View The Larger Risks As Coming From Tightening Too Little
    - Economy Is Experiencing Very High And Persistent Inflation And There Continue To Be Some Upside Risks To Forecasts

    — LiveSquawk (@LiveSquawk) November 10, 2022
Added at 12:32pm
  • FED’S MESTER: ECONOMIC GROWTH COULD EASILY TURN NEGATIVE FOR A TIME #News #Markets #ECONOMIC #capitalhungry

    — Capital Hungry (@Capital_Hungry) November 10, 2022
Added at 12:33pm
  • Fed’s Mester: FOMC And Economists Have Underestimated The Level Of Inflation And Its Persistence For Almost 2 Years
    - Compared To History, There Has Been A Brisk Pace Of Increases In Our Policy Rate

    — LiveSquawk (@LiveSquawk) November 10, 2022
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  • Nov 10, 2022 1:26pm Nov 10, 2022 1:26pm
  •  ww3361
  • | Joined Jun 2012 | Status: Member | 624 Comments
Quoting Vancarbon
Disliked
Posted this before . It's worth noting . What happens once inflation goes above 8%, as is currently the case? Data since 1920 shows that once CPI >8%, it takes around 2 years (!!!) to even fall beneath 6%. Yet, current consensus expects us to be back at or even below 3% in just two years Yet these Fed officials still keep stating a target level of 2%
Ignored
They want inflation elevated, but not this much.

To get it to drop at all they have to make noise like they really mean it. But they don't mean it.... really. Rob the tax payer but avoid hyperinflation..... is the ludicrous game they are playing. For some reason we all go along with it with little fuss.

Smart money knows this game and have been desperately waiting for this moment to pile back into risk.
 
 
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  • Story Stats
  • Posted: Nov 10, 2022 12:31pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 1  /  Views: 2,602
  • Linked events:
    USD FOMC Member Mester Speaks
    USD Core CPI m/m
    USD CPI m/m
    USD CPI y/y
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