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The “excess” core CPI inflation right now is much less broad than what we saw in 2022.
In 2022, inflationary pressures hit many categories.
In contrast, right now, only two are stronger than we’d expect under 2% PCE pre-pandemic: housing–the lion’s share–and auto insurance. pic.twitter.com/hZ8DwGWE5Y
— Ernie Tedeschi (@ernietedeschi) April 11, 2024
March’s US Retail Sales data experiences a big upward surprise 0.7% MoM vs. a forecast of 0.4%. Here are the details behind the move from ECAN<Go>. pic.twitter.com/7AcRZEFJj9
— Michael McDonough (@M_McDonough) April 15, 2024
A look at the weights of Non-Store Retailers (online) vs. General Merchandise Stores in Retail Sales since 2000: (@TheTerminal chart link: https://t.co/RkHic1x53K } pic.twitter.com/XwmyFopGUg
— Michael McDonough (@M_McDonough) April 15, 2024
I just listed my house. 14 showings in 2 days before the open house. First offer came in 11% over asking with no contingencies. Buyer is putting 20% down with a 7% 30 yr mortgage for the rest. I have owned the house for 7 years and it has appreciated 60% w/ no renovations.
— Andy Shields (@ashields42) April 13, 2024
How many people go to church weekly?
Surveys say it’s about 1 in 5 Americans.
Cell phone tracker data say it’s actually closer to 1 in 20 Americans.
Fascinating new working paper!https://t.co/T7Hh4Ucj1w pic.twitter.com/pLmlVe1J6V
— John B. Holbein (@JohnHolbein1) April 15, 2024
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