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Open original source ↗No doubt OER will catch down w/a long lag; that's always the case. Diffusion, however, is what Warsh instructed markets to follow & it's clearly falling.
And you don't have to be a rocket scientist to discern direction OER headed, which @federalreserve staff will detail at FOMC. https://t.co/d0CgGFazIq
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These are the quoted author’s words.
This is the diffusion of CPI inflation, measured similarly to Kevin Warsh's preferred PCE inflation diffusion metric. It's down. our full reaction @TheTerminal https://t.co/WGPEXDyOy6 https://t.co/FcbBk7d2GU
AnnaEconomist ↗