That's a very interest observation--I hadn't noticed Chairman Powell seemed worried when I saw him talk yesterday. But the tight grouping of the dot plot around 5% suggests even the dovish members saw reason to press forward even after two months of CPI moving as expected. Concerns about a wage spiral makes a lot of sense.
Good Day Ayesha,
That's a very interest observation--I hadn't noticed Chairman Powell seemed worried when I saw him talk yesterday. But the tight grouping of the dot plot around 5% suggests even the dovish members saw reason to press forward even after two months of CPI moving as expected. Concerns about a wage spiral makes a lot of sense.
Great job!
Thank you, Carl. I appreciate the kind words.