…month moving averages, I am outsourcing this graph to Harvard economist Jason Furman: If we start from July 2021, there’s a clear pattern of continuous deceleration through this July. But…

…In October, the former increased less than 0.2%.  As with CPI inflation, it’s clear that housing is the culprit.  Harvard economist Jason Furman posted a couple of similar graphs yesterday,…

…For that I will simply outsource to Harvard’s Prof. Jason Furman: “much of the slowdown was in non-inertial items like inventories (-0.35pp) and net exports (-0.86pp). The better signal of final…

…a little besides the point. As Jason Furman points out in a very clarifying thread, the pace of job growth alone does not tell us if the labor market is…

…III. ~~~~~~~ Immigration and the housing market freeze are making the “last mile” of disinflation harder, not the Phillips Curve – by New Deal democrat Jason Furman is out today…

…herself as well as Harvard econ professor Jason Furman have suggested, this time might indeed be different because of immigration. Let’s start with a long term graph I have run…

…months in 2024. Jason Furman writes, core ex-housing is up only 1.7% YoY, and substituting current rents for the official measure of housing is up only 1.5%. New Deal democrat…

 – by New Deal democrat Over the weekend Harvard econ professor Jason Furman suggested that the Fed funds rate is not very restrictive: “As inflation has come down the real Federal funds…

…the concern in other quarters was this take by Harvard Econ Prof. Jason Furman: Core PCE inflation came in a little above the already high expectations in Feb. The pattern is the…

…added in October. As the below graph by Prof. Jason Furman shows, the average of the last three months is approximately 0: Bank of America’s internal data also showed further…