Thursday, October 11, 2018

September 2018 CPI

Still limping along.  Non-shelter core inflation continues to be pacing along at around 1%.  Possibly shelter inflation might be starting to wane.  This continues to suggest that further rate hikes are unnecessary and potentially disruptive, but rising market rates since the Trump election continue to buffer rising policy rates.


  1. Diplomatically put.

    (It is a fine day when a character like Trump may be more right than the combined intellectual firepower of the entire US Federal Reserve)

  2. If the Fed keeps monetary policy too tight because of rent inflation, then what do you think is the long-run end-game? Will interest rates wind up very low forever? (because they keep tightening too early)

    I am afraid once consequence is that we'll hit the zero-lower bound again and have another bad recession.

    1. I think those are all reasonable worries.

      I suspect that regulatory limits to mortgage lending also are pushing down interest rates. If that remains the case, I'm not sure if that remains the case in the very long run, or if households will eventually settle into a new equilibrium with less housing consumption that somehow helps yields on housing converge back with yields on other assets.

  3. To know more about Chief Dr Lucky you can visit his website (
     A friend that suffered from Herpes and was cure with the help of this great herbal doctor Chief Lucky so i decided to contact him for help in getting rid of my families genital herpes virus 1/2 which i did and all i was told to provide was just some useful information and some materials used in preparation of the natural cure and that i did and now i am the happiest person on earth because i am writing this testimony of mine with joy and happiness in my heart to the whole world to know that natural remedy is real because i am a living testimony of Chief Lucky traditional herbal cure and i want you all to contact Chief Lucky via his email: or WhatsApp him +2348132777335 am sure he will help you too.