POPA Reconseems like the Fed has to hike all the way into Feb/mar due to base effects. Just compare oil prices year-on-year vs a month from a year…
seems like the Fed has to hike all the way into Feb/mar due to base effects. Just compare oil prices year-on-year vs a month from a year ago. Seems like from Oct25 to Mar26 - we had benign , relatively calm oil markets and on 28 Feb 26 - Iran war started. So we may get some distortion in inflation data from Mar to Apr/May, which inflation may be flatter than expected.
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