Andrei Jikh: Inflation — around 4.9%

The window it was checked over

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

to do with straights specifically the federal funds rate which is the cost for banks to borrow money from each other when they raise the rate it's more expensive to borrow money and therefore hopefully it means it lowers our spending and that's how they fight inflation that's why interest rates have gone from 0 15 months ago to now five percent and it looks like it's working because inflation is coming down in What's called the CPI the Consumer Price Index which is how they measure inflation and we can see it in the data here and on Tuesday this week we're going to get the latest inflation data which will probably be lower than our last reading of 4.9 percent that's when Twitter will start to fight again and that's because they're usually confused about what inflation's actually measuring and all it's doing is it's measuring the rate of price growth and right now prices are still growing and they're growing fast but they're slowing down that's all it's measuring now the question is if prices are still growing four percent still not where it needs to be two to three percent why is the Fed wanting to pause the rates it wants to pause the rates because there's a problem with inflation the

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