US Inflation Surges To 7.5% YoY, REAL Weekly Wage Growth Falls To -3.1% YoY (Taylor Rule Now Suggests Fed Funds Target Rate Of …18.90%)
by confoundedinterest17 As expected, US inflation surged from 7.0% in December to 7.5% in January. REAL average weekly earnings growth YoY fell to -3.1%. Energy prices YoY lead the wage (fuel oil UP 46.5% YoY). Used cars and trucks UP 40.5%. At least food is up “only” 7%. At 7.5% CPI, the Taylor Rule suggests that … Read more