What you’re not hearing about that horrible March CPI report
A replay of the 1970's resurgence of inflation is simply not possible.
A replay of the 1970's resurgence of inflation is simply not possible.
There's been a flood of immigration -- and almost all the jobs growth is because of it.
Today's level is consistent with what we saw in the post-GFC "new normal." It will move higher as our post-pandemic boom unfolds.