Rates are down, but not as far down as in mid-2024.
Figure 1: Instantaneous inflation for headline CPI (blue), core CPI (brown), per Eeckhout (2023), T=12, a=4. Source: BLS via FRED, and author’s calculations.
Rates are down, but not as far down as in mid-2024.
Figure 1: Instantaneous inflation for headline CPI (blue), core CPI (brown), per Eeckhout (2023), T=12, a=4. Source: BLS via FRED, and author’s calculations.
