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.
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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.
