The Macro Moment: The Transitory Nature Of Inflation
The is something the Fed took a lot of heat about yet people do not realize the timeframe the Fed operates upon. The Fed deals at a macro level. This means they are not looking at actions that have an impact in 90 days. Instead, they are focusing at least 12 months out.
In this video I discuss how inflation is a trailing indicator. There are many others that preceed moves in inflation, both up and down. This is something that few want to look at yet it vital if we are going to see what is taking place.